Deutsche Bank Warns Dollar at Risk of Broad ‘Confidence Crisis’

The dollar is at risk of a confidence crisis if President Donald Trump’s trade war leads investors to dump US assets accumulated over the past decade, according to Deutsche Bank AG.

“We are in the midst of dramatic regime change in markets,” George Saravelos, the bank’s global head of FX strategy, wrote in a note to clients. “Given the dramatic nature of the moves, we are becoming increasingly concerned that the dollar is at risk of a broader confidence crisis.”