US dollar could lose safe-haven status, warns Deutsche Bank

'It is hard to overestimate the scale of change taking place in global economic and geopolitical relations in a matter of days.'

The US dollar may lose its traditional safe-haven status as global markets adjust to a new geopolitical order, according to Deutsche Bank AG. Deutsche Bank concerns follow a slump on the dollar on Tuesday.

The US dollar may lose its traditional safe-haven status as global markets adjust to a new geopolitical order, according to Deutsche Bank AG.

“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,” said George Saravelos, the bank’s global head of FX strategy, in a note to clients.