Deutsche Bank Aktiengesellschaft

Citigroup Inc.

Standard Bank Group Limited

Analysts at Deutsche Bank and Standard Bank have warned of a possible "triple blow" to the dollar in the coming weeks, which could exacerbate an already seasonally weak period for the U.S. currency. However, Citigroup strategists, on the contrary, advise investors in emerging markets to prepare for dollar strengthening: negative trends for the currency have receded in the middle of 2025, they believe.

Deutsche and Standard warned of a weak month for the dollar. Citi disagrees with them


The probability of a Fed rate cut in December has risen to nearly 90% and fundamentals point to further weakening of the U.S. currency

The dollar is on its way to its worst week since July. What's weighing on the exchange rate?

The year 2025 abruptly reversed the dynamics of the currency market: the dollar's exchange rate against the currencies of major U.S. trading partners, which had risen by 40% between 2010 and 2024, fell sharply. The first half of the year was marked by the strongest dollar <a href="https://www.morganstanley.com/insights/articles/us-dollar-declines">depreciation</a> in half a century, down 11% since 1973. In the following months, the nominal effective exchange rate <a href="https://fred.stlouisfed.org/graph/?g=1NxFg">recovered</a> about a quarter of the decline, while the real exchange rate <a href="https://fred.stlouisfed.org/series/RBUSBIS">remained</a> roughly flat at the end of the first half of the year.

The dollar under Trump has suffered its strongest decline in half a century. This may not be the end 

The high concentration of global capital in U.S. equities has performed well over the past 15 years, but in the current environment it has become a source of risk, RBC said

RBC: the dollar may repeat the dot-com cycle with a 40% collapse. How to protect capital?

Samsung Electronics Co., Ltd.

NVIDIA Corporation

Samsung shares hit an all-time high amid hype around artificial intelligence. SoftBank is increasing multi-billion dollar investments in OpenAI and robotics. China is tightening control over semiconductor imports and restricting purchases of Nvidia products. These and other topics - in our review of key events for the morning of October 10.

Main by morning: Samsung on the cusp, China tightens chip controls, SoftBank buys up AI

International investors rushed to exit the U.S. market after the U.S. trade war began, but then quickly returned. Now it is breaking record after record again, the situation with bonds has stabilized. But there is one exception - the dollar.

Buy America, sell the dollar: how investors are building defenses in the U.S. market

The precious metal does not look overvalued, Barclays believes

Gold price jumped above $3800 for the first time amid weak dollar and shutdown risk

Birkenstock Holding plc

Williams Trading analyst named Birkenstock as one of five "masthead" brands for retailers

Birkenstock beat forecast due to demand for shoes without discounts. Why did the stock fall?

Stagflation risks are underestimated and the "Magnificent Seven" will not hold the market back, says Thorsten Slock

Apollo's chief economist named three stock market risks that investors should be aware of

Long-term European investors are looking for ways to protect their assets from dollar volatility, analysts say

'This risk cannot be underestimated': Morgan Stanley warns of euro rise to $1.3

The dollar will remain weak in the coming months, but the arguments for further declines have become too "one-sided," analysts said

HSBC: the dollar sell-off is turning into an anti-bubble - and it will burst

Expectations for Chinese currency appreciation against the dollar will soon return to its highest level since early 2023, says Citi

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