Deutsche Bank: The era of AI dollars has arrived, and the safe-haven attribute of the dollar has weakened

Deutsche Bank stated that AI-driven market adjustments may change the traditional relationship between the dollar and U.S. stocks, with the dollar no longer necessarily being a safe-haven asset. Recently, technology stocks and the dollar have weakened in tandem, reflecting that the risks facing the dollar are more bidirectional than previously priced by the market.

The scale of U.S. stocks held by overseas investors exceeds $20 trillion, with approximately 90% of asset growth coming from rising stock prices rather than new purchases.