To get John Authers’ newsletter delivered directly to your inbox, sign up here.
The Trump Shock was short and sharp, and now it’s over. That may seem an infeasible judgment after one of Donald Trump’s worst weeks in a while. Electorates in several states sent the president a brickbat to celebrate his election anniversary, while the Supreme Court looks likely to administer a major rebuff on his signature issue of trade tariffs. But for markets, and crucially the dollar, the immense shocks he’s administered since returning to power are already in the past.
George Saravelos, who heads foreign exchange research at Deutsche ...
