“The Dollar Trade Is Psychologically Broken,” One Trader Says

“The Dollar Trade Is Psychologically Broken,” One Trader Says

If you frequent these pages, you know the dollar story all too well by now. Following Trump's election, the greenback's correlation to rates and stocks formed what I've called the "reflation trinity." Through the end of December, the Trump trade persisted. Dollar up. Rates up. Stocks up. Although we might fairly say this trade "peaked" mid month. Going into 2017, long USD was the consensus trade. (BofAML) But things have come apart lately. Despite the fact that most analysts are clinging
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