Trump has helped make currency trading great again
Trump has done his best to add volatility to the currency market. His rants and tweets about different leaders as well as a mish-mash of inconsistent policies has added a much-needed dose of volatility into markets at a time when central bankers were playing a game of wait-and-see.
What did he mean for the US dollar?
Not much, the dollar was in the middle of the back of G10 currencies but lost ground against the heavyweights --GBP, JPY and EUR.
The best performing major was the pound. That was largely a story of shorts clearing out after Article 50 and the election but friendly relations between May and Trump didn"t hurt.
The worst performer? The New Zealand dollar. What did the kiwis do to upset Trump?
What"s even more interesting is that if we expand out our filter to the 153 traded global currencies the winner is the Mexican peso with a whopping 13.4% gain.
Who are the forex winners and losers of Donald Trump"s first 100 days?
Who are the forex winners and losers of Donald Trump"s first 100 days?
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