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Deutsche Bank warns that an AI-driven stock market sell-off could undermine the dollar's traditional safe-haven status.
Deutsche Bank strategist George Saravelos noted that foreign investors hold over $20 trillion in U.S. equities, with approximately 90% of that value attributed to price appreciation. He believes that a U.S.-led tech sell-off could lead to a simultaneous decline in both stocks and the dollar, potentially prompting foreign investors to increase currency hedging.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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