After an initial stampede into ‘Trump Trades,’ investors in some asset classes are tapering their enthusiasm as they question whether Donald Trump as a president will be able to push through his ambitious tariff proposals.
The dollar reversed much of its post-election surge by Thursday’s close, and is trading little changed on Friday. Treasury yields have also returned to recent ranges following a two-day whipsaw. Chinese stocks and the yuan, earlier hammered by concerns over higher tariffs, have since gained ground.
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