Natixis - When dangerous situations arise in the United States, the world curiously buys dollars

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Natixis

Patrick Artus

When dangerous situations arise in the United States, the world curiously buys dollars

In 2008-2009, the subprime crisis ( which started from the property and securitisation market in the United States) led to investor s return ing to assets in dollars and to an appreciation of the dollar. Currently, the policie s conducted by Donald Trump (fiscal stimulus at full employment, protectionism) will have negative effects on the US economy; and yet, once again, assets in dollars are used as safe-haven assets and the dollar is appreciating. Curiously , problems in the United States therefore lead to purchases of assets in dollars that are used as safe-haven assets.

16/08/2018 6 EN

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Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

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Analysts

Patrick Artus

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When dangerous situations arise in the United States, the world curiously buys dollars

Japan: Macro and geopolitics brew winners in industrials, IT and financials

Section 899: A tool to increase revenue or to change foreign tax policy?

ECB Takes Summer Pause to Preserve Monetary Policy Flexibility

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