Deutsche Bank: USD pump in November indicates trust in Trump's policies

robot
Abstract generation in progress

The November 29th data from Jinshi, the head of forex and commodities research at Deutsche Bank, Ulrich Leuchtmann, said in a report that the strengthening of the US dollar since the US presidential election indicates that investors believe that the policies of President-elect Donald Trump will further favor the US dollar. Leuchtmann said that since the election, the US dollar has appreciated by an average of about 2% against other G10 currencies. ‘The market seems to believe that ‘Trump economics’ (the policies of the upcoming Trump administration) will have a significant positive impact on the value of the US dollar.’ Later last week, the US dollar index reached a two-year high above 108, and has since fallen, currently at about 0.2%, to 105.888.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)