THE TELEGRAPH: The dollar is at risk of losing its status as a safe haven for global investors, one of Europe’s biggest banks has warned as Donald Trump presses ahead with tariffs against China and his nearest allies.
Deutsche Bank said several developments at the start of the year indicated the weakening appeal of the US currency, which declined against both the pound and the euro today despite tariffs threatening to stoke inflation in the world’s largest economy.
George Saravelos, global head of FX research at Deutsche Bank, said: “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.” » | Chris Price | Tuesday, March 4, 2025
