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Traders Price In Trump Victory by Piling Into Currency Hedges
Currency traders are increasingly hedging against any turmoil stirred by policies expected under a potential Donald Trump presidency. In the options market, demand for insurance against swings in the euro over the coming year has been rising ever since Trump won the Republican nomination in Iowa earlier this month. At the same time, a barometer of market positioning and sentiment, has jumped in favor of the dollar, the world’s preferred safe-haven currency. It follows a report in the Washington Post last week that Trump privately proposed a flat 60% tariff on China if he wins the presidential election in November, ... (full story)