German bank: Trump's threat to acquire Greenland may harm the US dollar.

Thu Lan Nguyen of Deutsche Bank stated in a report that President Trump's threat to take control of Greenland from Denmark represents a significant bearish signal for the US dollar. She said that this action could lead to a confrontation between the US and its European allies, which would be a "disastrous signal" for the dollar. "If a public conflict breaks out between the US and Europe, both sides are likely to impose sanctions on each other, seriously jeopardizing the dollar's status as the world's reserve currency," she said. She also mentioned that European companies trading with Europe should avoid US sanctions by completely avoiding the use of the dollar. Additionally, direct trade between the US and Europe is likely to decrease significantly, reducing the demand for the dollar among European companies.