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Deutsche Bank warns: The dollar faces a broad "crisis of confidence" risk
Deutsche Bank stated that if U.S. President Trump’s trade war leads investors to dump U.S. assets accumulated over the past decade, the dollar will face the risk of a confidence crisis. “We are in the midst of a dramatic market transition,” wrote the bank’s global forex strategy chief, George Saravelos, in a report to clients. “Given the severity of these trends, we are increasingly worried about the dollar facing the risk of a broader confidence crisis.”