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Greenback's Weakness Explained by `Trump Trilemma,' ING Says
U.S. financial markets are facing a “Trump Trilemma” that could leave the dollar out in the cold. Only two of three things happening in U.S. markets can co-exist for long: rising bond yields, a weaker greenback and confidence in America’s economic future, ING Bank N.V. said. The dollar is the second-worst performer of 2018 among a basket of major currencies tracked by Bloomberg, besting only the South Korean won, while the U.S. 10-year Treasury yield is up nearly 50 basis points year-to-date. “The conflicting market narratives of the Trump administration’s ‘America First’ economic agenda highlight a ... (full story)
