Trump Upsets The Market, Risk-Off Back In Vogue

//Trump Upsets The Market, Risk-Off Back In Vogue

There has been a shift in G8 FX flows as Trump triggered a major sell-off in both stocks and bond yields, with the impact of these fluctuations this time reverberating into the currency market, as the Yen and Swissy were bought up as the market flocks back into the protective and safe-haven nature of these assets at times of uncertainty. The remarks by Trump, stating that “it might be better for the trade deal with China to be done after the US election”, which is a year away, if true, should radically change what the market had been pricing up to this point, which was some type of positive resolution around the … (full story)