The U.S. currency’s demand as an ‘emergency dollar’ could be waning, Deutsche Bank says
A “big question” for investors right now over the U.S. dollar is whether it should be trading at a safe-haven risk premium as concerns rise over a potential second wave of virus infections, Goel told CNBC’s “Street Signs” on Monday.
He said that in a potential resurgence of cases, the U.S. dollar could weaken against most of its peers in developed markets, and to an extent, possibly China too.
His comments came after the U.S. reported a spike in the number of cases over the weekend. More than 30,000 new cases were reported on Friday and Saturday — the highest daily totals since May 1, according to data compiled by Johns Hopkins University….
If this country is to have a decent future we rilly rilly need to break out of fauci’s hypnotic spell.