DB's prior forecast was for the USD to continue falling in 2021.
- now have switched to "tactically" neutral on USD
- Like a position short yen
- DB see the Democrat Senate win in Georgia as a "gamechanger for the U.S. fiscal outlook, opening a window for dollar support"
Also now neutral EUR/USD
- expect 1.20-1.25 consolidation range
- looking for opportunities to buy
