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Market analyst Jared Blikre stated that the March Global Fund Manager Survey report released by Bank of America on Tuesday showed that the holdings of emerging market stocks by large institutional investors have reached their highest level since February 2021, and the holdings of commodities have also reached their highest level since April 2022, while the holdings of the US dollar are below average levels. This has made the US dollar the focus of the current Federal Reserve decision. Powell does not need to adjust interest rates to influence market trends. If Powell's remarks appear strong and the US dollar index rises above 100, this could put pressure on investors with significant overseas investments. However, if Powell's tone is more moderate, this pressure will ease and there will be more room for growth for emerging market stocks and commodities. The level to watch for the US dollar index is 100. Once this level is breached, the pressure will increase. If it is pushed back again, global risk trading will continue.
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