Deutsche Bank warns of a dollar confidence crisis

Deutsche is saying that amid the latest developments, there is a risk that major shifts in capital flow allocations take over from currency fundamentals. In turn, that will produce “disorderly” moves in the currencies market and trigger a confidence crisis in the US dollar. I’m guessing what they mean is the sort of thing we’re seeing with the price action so far today. Other notes from Deutsche in the past month:

• Euro continues to rise as Deutsche Bank questions the US dollar’s safe-haven status
• Deutsche Bank sees the most significant risk of global dollar de-dollarisation since WWII

This article was written by Justin Low at www.forexlive.com.