The first 100 days of the Trump administration has been a particularly exciting time for financial markets, primarily because many of Wall Street’s assumptions about how markets would react to the Republican’s purportedly pro-growth policies were way off base.
Remember when Wall Street analysts believed Treasury yields would break above 3% in short order? They’re now closer to 2%.
But possibly the most exciting action occurred in the currency market, where traders who had the temerity to bet against the consensus reaped the biggest returns.
From the Mexican peso, to the Japanese yen, to the U.S. dollar — here’s a breakdown of the market’s biggest winners and losers.
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