Deutsche Bank: The impact of U.S. trade progress on the dollar remains unclear
2025-05-12 21:54:29
George Saravelos, an analyst at Deutsche Bank, said in a note that the impact on the dollar of recent developments in the global trade war de ́ tente was unclear. He said that the more positive news on US trade in recent weeks has been better for the rest of the world in terms of economic growth than for the US. This is bad for the dollar, especially relative to growth-sensitive currencies. However, a less hostile US government is clearly better for the dollar when it comes to external financing for the US, as it does not discourage inflows too much.
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