Deutsche Bank Sees ‘Major’ Dollar Decline Amid US Selloff
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Deutsche Bank AG is warning of a structural dollar downtrend in the coming years which will knock the US currency to its weakest level in more than a decade against the euro.
Strategists George Saravelos and Tim Baker said the negative impact of US tariffs, alongside Germany’s fiscal boost and a reassessment of Washington’s role on the world stage will lead investors to unload US assets and drag the greenback lower.