Đạo Phú: Biden từ bỏ sẽ đối mặt với rủi ro đồng đô la

The Golden Ten data on July 20th, Tao Fu believes that if Biden withdraws from the US presidential election, traders will reduce the trades related to Donald Trump’s victory, and the US dollar may have a “short-term negative reaction”. Tao Fu macro strategist Noel Dixon believes that Biden’s withdrawal will make the competition more intense and cause market fluctuations. “What is being digested now is mostly Trump’s victory.” “Trump trade” has made investors bet that his economic policies will only reignite inflation, thereby putting pressure on long-term government bond yields and pushing up the US dollar. “Both parties will have fiscal stimulus impulses, but the Biden administration is smaller,” Dixon said, “under the same conditions, the pressure on the long end of US government bond yield curve will be smaller.” Traders will have to adjust their positions to adapt to this change.