Deutsche Bank warns: The dollar faces a broad "crisis of confidence" risk

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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."
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