Using the bank’s ETF flow data:
foreigners “are no longer buying enough dollar assets to finance America’s huge current account deficit.”To return to historical norms in the ratio between GDP and NIIP, DB estimates that the dollar would need to weaken by 30% to 35% from current levels ... which “highlight just how extreme the current U.S. flow problem is.”
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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