Trump Trade Divergence Won’t Last Long As Real Rates Rise: BoAML

The U.S. dollar’s climbdown from a 14-year high has marked the first divergence in the so-called Trump trade since the Republican was elected president. It may have been fueled by President Donald Trump’s comment that the dollar was “too strong.” From a high of 103.82 at the beginning of January, the dollar index has slid to…