BUSINESS
Demand for US dollar as world’s reserve currency ‘seems to be waning’ – Deutsche Bank
BUSINESS

Demand for US dollar as world’s reserve currency ‘seems to be waning’ – Deutsche Bank

Published: June 22, 2020  |  2 min read, 444 words
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The currency markets are currently facing “multiple cross-currents” on rising global concerns over a potential second wave of Covid-19, said Deutsche Bank’s chief Asia macro strategist Sameer Goel.According to him, the “big question” for investors right now is whether the US dollar should be trading at a safe-haven risk premium.Goel told CNBC that since March investors have been favoring the greenback over its peers in the Group of 10 countries, in part due to “emergency dollar demand” as the world went into a synchronized shutdown to stop the spread of the pandemic. As investors typically... READ MORE
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