Political risk in the euro area is weighing on the EUR along with Draghi’s ‘dovish’ message yesterday that the Eurozone still requires substantial stimulus.
New U.S President elect Donald Trump continues to have a massive impact on capital markets.
Global bond markets have lost more than $1 trillion in value; their worst rout in 18-months, on investors bets that Trumps new administration would boost business investments and spending while firing up inflation.
Polls, media, markets and the rest of the world got it wrong – Donald Trump has become the 45th President of the United States.
It’s a stunning and shocking victory that’s going to take investors and dealers awhile to adjust to, a powerful rejection of the establishment forces, from the world of business to government.