EFTA Document EFTA01458610

Deutsche Bank Markets Research Global Foreign Exchange FX Spot FX Forecasts and Valuations Don't throw in the towel Now is not the time to 'throw in the towel' on the strong US dollar trade that in broad USD trade weighted terms likely has at least another 10% to go The scenario analysis below outlines how the risk environment, notably events in China, will dictate the extent to which dollar strength is concentrated in EM and commodity FX, or rotates back to the major 610 currencies a