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Sentiment hit as markets question the viability of the “Trump trade”
Market sentiment is being hit again this morning as markets question the viability of the “Trump trade”. The failure of Donald Trump and the Republicans to get through their healthcare legislation has put risk appetite under increasing pressure once more. Safe havens are subsequently being sought after. Traders are wondering whether Trump will be able to achieve his plans and are looking to unwind a degree of the “Trump trade”. Treasury yields are now continuing to fall back, whilst gold has again broken higher and the yen strength continues. The dollar is under significant pressure too, with the Trade ... (full story)
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