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Euro Pain From Trump Limited by US Asset Exposure, Deutsche Says

By Ilene
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Image by Barta IV from Pixabay
By Simon Kennedy, Bloomberg, at Yahoo Finance
 
The fallout on the euro from President Donald Trump’s renewed trade threats toward European governments over Greenland may be limited because of how much the US relies on the region for capital, according to a Deutsche Bank AG strategist.
 

Europe is the US’s largest lender with its countries owning $8 trillion of US bonds and equities, almost twice as much as the rest of the world, George Saravelos, Deutsche’s global head of FX research, wrote in a report to clients on Sunday.

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