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FX Signal on US Dollar Falls as Healthcare Fails
FX Signal on US Dollar Falls as Healthcare Fails – Talking Points:
- Two Republican Senators withdrew support for Trump backed healthcare bill
- Second healthcare reform failure casts on other Donald Trump platform goals
- US Dollar falls alongside yields, stock futures as the “Trump trade” unravels
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US stocks rallied after Trump’s election win, cheered by his focus on tax cuts, deregulation and infrastructure spending. The US Dollar followed on expectations that expansionary fiscal policy will boost inflation and force the Fed into a steeper rate hike cycle.The Best Forex Signals and the Elite Guide. A Forex signal is an instruction to execute a profitable trade.
The administration’s inability to rally its own party behind its agenda, as demonstrated by the failure of healthcare reform, has thrown this so-called “Trump trade” into reverse. Traders appear to be losing confidence in the President’s ability to deliver, not just on healthcare but on the rest of his platform too.