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Deutsche Bank warns: The US dollar faces a widespread risk of a "crisis of confidence."
Golden Finance reported that Deutsche Bank stated that if U.S. President Trump’s trade war leads investors to sell off American assets accumulated over the past decade, the dollar will face the risk of a confidence crisis. “We are in the midst of a severe market upheaval,” wrote George Saravelos, the bank’s global forex strategy chief, in a report to clients. “Given the severity of these trends, we are increasingly concerned about the risk of a broader confidence crisis for the dollar.”