Deutsche Bank Strategist Challenges US Dollar's Safe-Haven Status as a 'Myth'

A prominent currency strategist at Deutsche Bank has challenged the long-standing belief in the US Dollar's role as a reliable safe-haven asset, labeling it a "myth." This provocative stance follows a public dispute between the strategist and US Treasury Secretary Scott Bessent regarding fiscal policy directions. The strategist questions the structural and geopolitical foundations that have historically supported the dollar’s premium during times of global market stress. Such a shift in perspective suggests that current US economic policies could potentially undermine long-term confidence in the currency's stability. If the safe-haven narrative continues to erode, investors may increasingly turn to alternative assets like Gold (XAU/USD) or other major currencies during risk-off periods. While this represents a single institutional view, it highlights growing skepticism over the USD's dominance in the evolving global financial landscape.