Post #40655 by PucksFool on the US Policy board

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https://www.thetimes.com/business-money/economics/...
Tariffs risk the “potential loss of the dollar’s safe haven status”, Deutsche Bank has warned.

In a note, George Saravelos, global head of FX research at the bank, pointed to several developments since the start of the year that provided “tentative signs” that the dollar was losing its coveted status.

He highlighted, in particular, a declining historical correlation between the dollar and risk assets as well as the growing US current account deficit, which has typically marked the limits of dollar “overvaluation”, according to Deutsche Bank.

“We do not write this lightly. But the speed and scale of global shifts is so rapid that this needs to be acknowledged as a possibility,” Saravelos said.

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