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Deutsche Bank: If the United States uses sanctions, the dominance of the dollar will be threatened
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5 hours ago 2,105
Golden Finance reported that Ulrich Leuchtmann, a foreign exchange analyst at Deutsche Bank, said that if the Trump administration turns to using sanctions in the event of a failed tariff policy, the dollar could lose its global dominance. If the United States imposes economic pressure on other countries through sanctions, the cost of using US dollars in international payment transactions will become too high. He said the dollar would lose its dominance as an international payment method by then. In the medium and long term, the US dollar may also lose its dominance as a reserve currency. "The consequence may be a sharp weakening of the dollar."
Keywords: Bitcoin
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