Deutsche Bank warns that investors are souring on the US dollar because of a spike in US coronavirus cases

From markets.businessinsider.com

Investor fears of a second wave of coronavirus have caused "multiple cross-currents" for currencies, and demand for the US dollar may be in decline, Deutsche Bank's Sameer Goel, chief Asia macro strategist, told CNBC on Monday. The US dollar has long been regarded as a default safe-haven currency because it is the reserve domination for international business deals. In times of market volatility, investors and traders convert their cash holdings into dollars for long-term protection. During worldwide coronavirus lockdowns, investor demand for the US dollar soared, but that demand now seems to be waning, Goel said. ... (full story)