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Dollar on the back foot as Trump trade takes a breather

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2 December 2024

Written by
Matthew Ryan

Matthew Ryan is Ebury’s Global Head of Market Strategy, based in London, where he has been part of the strategy team since 2014. He provides fundamental FX analysis for a wide range of G10 and emerging market currencies.

The so-called Trump trade suffered a meaningful reversal last week. US Treasury yields retreated, possibly on relief that US inflation data came out largely as expected. Read more via our report below.

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