$$BTC Dollar analysis from Deutsche Bank

Deutsche Bank announced that it carried its upward expectations for the dollar to the second half of the year.

Deutsche Bank carried its bullish expectation about the dollar to the second half of the year, arguing that if US bond yields remain higher than other developed countries, cuts in US interest rates will have a limited impact on the currency.

"The dollar will remain the second-highest-yielding currency in the developed world, a situation that has historically supported portfolio inflows," George Saravelos, the bank's global head of foreign exchange research, said in a note.

Markets have hawkishly repriced the Fed's and US economic resilience as the #UScurrency has outperformed all G-10 currencies so far this year, lifting the Bloomberg Dollar Spot Index by almost 3 percent.

In his note, Saravelos added that an unexpected weakening of the US economy or a possible Trump administration stance in favor of a weak dollar policy would pose the biggest risks to his view.

On the other hand, Saravelos, who also saw a downward trend in the Swiss franc and Swedish krona, noted that the ECB will start reducing interest rates next month, five months before the Fed.