Group 1 - Deutsche Bank reports that despite a recent market recovery, foreign investors remain cautious about U.S. assets, with a significant slowdown in capital inflows observed over the past two months [1][4] - The report indicates that the capital inflow into the U.S. is either rapidly slowing down or experiencing a substantial reduction in investment, posing challenges to the dollar's status as a dual-deficit currency [1][4] - Historically, the U.S. has been a strong magnet for foreign capital, but recent trends suggest a potential shift, with concerns about a mass withdrawal of foreign investors from the U.S. market following trade policy announcements [4][5] Group 2 - The report highlights a notable trend of sustained selling in ETFs, with investors pulling back from both equity and bond markets, indicating a lack of confidence in U.S. assets [5] - Deutsche Bank's strategist has revised the dollar forecast downward, attributing this to weakened foreign investor willingness to finance U.S. trade and budget deficits due to current economic policies [5] - Predictions suggest that by 2027, the euro to dollar exchange rate may rise from approximately 1.14 to 1.30, while the dollar to yen rate could decrease from about 142 to 115 [5]