[Deutsche Bank: The AI-Driven Dollar Era Has Arrived, Weakening the Dollar's Safe-Haven Status] Deutsche Bank states that AI-driven market adjustments may alter the traditional relationship between the dollar and US stocks, meaning the dollar is no longer necessarily a safe-haven asset. The recent simultaneous weakening of tech stocks and the dollar reflects that the risks facing the dollar are more two-way than previously priced in by the market. One reason is the unprecedented scale of overseas investment in US stocks. Currently, overseas investors hold over $20 trillion in US stocks, with approximately 90% of asset growth coming from stock price increases rather than new purchases. Another key factor is the change in stock hedging mechanisms. Over the past decade, the US stock market and the dollar have shown a negative correlation, providing a significant incentive for investors not to hedge against exchange rate risks. Once the US stock market is impacted by domestic factors, the dollar may fall in tandem with US stocks, exacerbating losses for overseas investors.