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Inflation Bets May Not Follow Trump Into the White House

  • Growing chorus warns inflation expectations are coming unstuck
  • Analysts suggest Japanese yen may outperform U.S. dollar
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Is Trump Torn Between a Strong and Weak U.S. Dollar?

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That hiss might just be the sound of the air coming out of the reflation trade. 

With just days to go before President-elect Donald Trump officially assumes office, analysts from Morgan Stanley to Nomura are warning that bets on a return of inflation and a stronger U.S. dollar may have run their course. They’re cautioning investors across asset classes to gird themselves for the reversal of positions that have helped push the greenback close to a 14-year high.