Deutsche Bank analyst: The market's pricing of the Trump effect is completely not excessive

Odaily Planet Daily News Deutsche Bank currency research director George Saravelos said that the market previously believed that the impact of Trump’s election as president had been priced in to some extent before he took office, but in fact the market’s pricing of the Trump effect was not excessive at all. He explained, “In our model, the safe-haven premium for the US dollar is only 3%, while it was as high as 10% during the first trade war. The bottom line is that the market’s pricing of the Trump effect is not excessive at all.”