Analista de Deutsche Bank: El mercado no ha sobrevalorado en absoluto el efecto Trump

George Saravelos, director of currency research at Deutsche Bank, said that the market previously believed that the impact of President-elect Trump had been priced in to some extent before he took office, but in fact, the market's pricing of the Trump effect was not excessive at all. In our model, the safe-haven premium for the US dollar is only 3%, while it reached a peak of 10% during the first trade war. The bottom line is that the market's pricing of the Trump effect is not excessive at all.