Deutsche Bank: The impact of US trade progress on the US dollar is still unclear

According to a report by Golden Finance, Deutsche Bank analyst George Saravelos stated that the impact of the recent easing of the global trade war on the US dollar is still unclear. He said that the more positive news about US trade in recent weeks has been more beneficial for the rest of the world in terms of economic growth than for the United States. This is unfavorable for the US dollar, especially for currencies that are sensitive to economic growth. However, for external financing to the United States, a less hostile US government is clearly more advantageous for the dollar as it does not excessively impede capital inflows.