So far, Donald Trump has sent relatively few social media posts that drive the market since his re-elected.
Bank analysts have discovered that Trump has just 10% of 126 posts have announced this time that sensitive topics such as trade tariffs, diplomatic relations and economics have triggered a clear currency market movement. .
But the numbers are picked up. Last week he sent over 20 posts linked to these issues, an average of twice as many as January. But that's well below the 60 years when he peaked between the 2018-19 trade columns with Mexico and others.
“Of a variety of topics, tariff posts were the biggest market campaigner,” Jpmorgan's memo released Monday added that it was nearly a third of those.
The biggest impact so far has seen a drop of more than 2% in the Mexican peso and Canadian dollars, and when President Trump posted in early February, he will implement 25% tariffs on Mexico and Canada. They used emergency authority to do so. The move he postponed after two days.
Meanwhile, others focused on China are causing movement in both directions, depending on the tone.
The former was soaked after former President Trump threatened tariffs on fentanyl supply shortly after re-election. But the currency also rose in mid-January after Trump said he had a “very good” call with Chinese President Xi Jinging.
JP Morgan analysts said their reflux showed that their deal with President Trump's post hadn't been that profitable so far either.
Buy dollars against a basket of G10 high beta currencies, or the individual currencies most directly affected after 5-180 minutes from each post, “disappointing” and “even a highly 4% profit exceeds 4% I'm guessing it's not.” Optimistic assumption.
While President Trump sends fewer markets to move social media messages at this stage, he strengthens communication directly from the oval office with almost a day's questions and answer sessions with journalists. did.
