Goldman Sachs expects central banks to buy more renminbi, Singapore dollars and South Korean won.

[Goldman Sachs expects central banks to buy more renminbi, Singapore dollars and South Korean won] On April 30th, according to a report by Goldman Sachs strategists, although the US dollar and euro are still the most important reserve assets, with the decline of US dollar's dominant position, central banks have room to increase their allocation in "non-traditional" currencies. Goldman Sachs believes that the South Korean won, Singapore dollar and renminbi may be the preferred currencies in Asia. "We believe that the trend of diversification away from the US dollar should continue, and this trend has been strengthened over the past decade," they wrote.

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