The dollar is surging. Here’s what’s behind the big move after the U.S.-China trade announcement.

May 12, 2025 - 04:31
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The dollar is surging. Here’s what’s behind the big move after the U.S.-China trade announcement.
One glance at BofA’s currency and rates sentiment survey would have indicated a sharp reversal was imminent in the event of any positive macro developments.

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