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Dollar bulls are throwing in the towel as Trump wagers evaporate

Currencies

Dollar bulls are throwing in the towel as Trump wagers evaporate

Bloomberg Published on Wed, Mar 22, 2017 / 8:55 AM GMT+8

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NEW YORK (March 22): Four months after the dawn of the Trump trade, currency investors worldwide are capitulating.

That’s the signal from Bank of America Corp.’s flow data, which blends positioning and sentiment surveys conducted with its hedge fund and real-money clients, and publicly available futures data. The bank’s takeaway is that bullish dollar positions put on after the election have completely disappeared.

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