Lates News

In an article, George Saravelos, the global foreign exchange research chief at Deutsche Bank, emphasized issues related to the dollar, deficits, and government policies. This article undoubtedly resonates with the trend of the 30-year US Treasury bond yield reaching 5% today. Saravelos highlighted that consensus is forming around the fiscal budget bill under discussion in Congress, and the likelihood of rising deficits is increasing. This is contrary to the White House's goal of reducing the trade deficit, as it would stimulate consumer demand. They believe the current account deficit will continue to rise.