From Goldman Sachs:
We discuss our dollar outlook in the wake of the election, with many asking if USD strength in recent days can extend. We think so and see the election as something of a "reset.
Going into the election, the Dollar fell whenever odds of a Trump victory went up, in particular on the FBI disclosure of additional Clinton emails. As early signs of a Trump victory made their way into the markets during the night from Nov. 8 – 9, the Dollar fell in line with this pattern, but reversed sharply as President-elect Trump began giving his acceptance speech, which projected a conciliatory and inclusive message. This set off a rally in risk, which has morphed into markets trading a positive growth shock to the US: Dollar up, inflation breakevens up and SPX up.
