UBS report shows rising concern over US dollar exposure among family offices

The 2026 UBS Global Family Office Report highlights growing concern about the US dollar among the world's wealthiest investors. Nearly three in ten family offices surveyed said they have already cut back or are considering cutting back their exposure to dollar-denominated assets, citing geopolitical tensions and rapidly expanding US public debt.

For foreign exchange and currency traders, this shift in sentiment among major institutional investors is a signal worth watching. While the dollar's share of global foreign exchange reserves has declined from 59.4% in late 2021 to 56.8% by end-2025, the US dollar index (DXY) still reflects its dominant role in global finance, accounting for about 90% of all forex transactions. The report underscores that the dollar's reserve status remains unchallenged due to a lack of viable alternatives, but any sustained reduction in demand for dollar assets could weigh on the greenback over the medium term. Live forex prices and charts on NowPrice show how the market is currently pricing in these evolving dynamics.

Looking ahead, traders should monitor further developments in US fiscal policy and geopolitical events that could accelerate de-dollarization trends. The Chinese yuan, while still a minor reserve currency, is gradually gaining traction. Any acceleration in reserve diversification could lead to increased volatility in dollar pairs, particularly against commodity currencies and the euro. Key levels on DXY and US Treasury yields will be critical to watch in the coming weeks.