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The U.S. Dollar: The Queen Is Dead, Long Live The King
Through much of the year the dollar rose and fell in lock-step with the polls for the democrat's presidential candidate. Clinrton went up in the polls and the dollar rallied. Trump went up in the polls and the dollar sold-off. At least until the actual election when the dollar - and the U.S. stock market --shook off a frightening evening sell-off on Nov 8/9 and reversed course on president-elect Trump's victory speech to resume the bull trend - see daily chart in Figure 1. Market correlations are like teenage relationships, they come and they go, which highlights the importance of being able to consult an unbiased, ... (full story)