Analyst: If Powell adopts a hawkish stance and the dollar rises above 100, it will put pressure on global risk assets.

CoinNetwork · 2026-03-18T21:23:49+00:00

Market analyst Jared Blikre points out that a Bank of America survey shows large institutions are holding positions in emerging market equities and commodities at recent highs, while their dollar holdings are below average levels. Federal Reserve Chair Powell's remarks will influence dollar movement—hawkish comments could increase market pressure, while dovish comments would be favorable for emerging market development. The key dollar index level is 100, and a breakout would intensify pressure.

CoinNetwork

2026-03-18 21:23:49

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Market analyst Jared Blikre reports that a U.S. bank released the March Global Fund Manager Survey on Tuesday, showing that large institutional investors’ holdings in emerging market stocks have reached their highest levels since February 2021, and their holdings in commodities have also hit new highs since April 2022. Meanwhile, their holdings in the U.S. dollar are below average. This makes the dollar the focal point of the Federal Reserve’s decision this time. Powell does not need to adjust interest rates to influence market trends. If Powell’s tone appears hawkish and the dollar index rises above 100, it could put pressure on investors heavily invested overseas. Conversely, if Powell’s tone is more dovish, this pressure will ease, allowing emerging market stocks and commodities to have more room for growth. The key level to watch for the dollar index is 100. Once it breaks above this level, pressure will increase. If it is pushed back again, global risk assets will continue to be volatile.

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