US Dollar Is Still the Dominant Currency, Temasek CEO Says
Bloomberg Markets and Finance
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March 10, 2026 at 01:45 PM UTC
Bullish
85% Confidence
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Key Points
- Temasek initially hedged a significant portion of its dollar-denominated portfolio when costs were fair, but hedging costs have since risen to 2.5-2.6%.
- The firm is now shifting towards 'natural hedges' by investing in assets expected to outpace dollar depreciation.
- The CEO emphasizes that the US dollar remains the global currency of choice and a safe-haven currency, leading to continued significant investment in US and USD-denominated assets.
AI Summary
Temasek Holdings CEO Dilhan Pillay Sandrasegara discusses their currency hedging strategy, noting the challenges of dollar depreciation against the Singapore dollar and rising hedging costs. Despite this, he reaffirms the US dollar's role as a global and safe-haven currency, stating Temasek will continue to invest significantly in US and US dollar-denominated assets.
Model Analysis Breakdown
| Model | Sentiment | Confidence |
|---|---|---|
| Gemini 2.5 Flash | Bullish | 85% |
| Consensus | Bullish | 85% |