The Poisoned Chalice
Deutsche Bank says the market is reassessing the structural attractiveness of the dollar.

âUneasy lies the head that wears a crown,â Henry IV lamented, per Shakespeare. The same can be said, lately of âKing Dollar.â That moniker is a shorthand for the greenbackâs role as the worldâs leading reserve currency. Yet President Trumpâs tariffs are sparking a new wave of doubts over the dollarâs reign. âThe mighty dollar,â Marketwatch warns, âis falling apart,â stirring echoes of the âNixon shockâ in 1971 when America left the gold exchange standard.
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