"The Damage Is Done..." Warns Deutsche FX Head

Some version of a 'Executive Put' is back, according to George Saravelos, Deutsche Bank's head of global FX, following President Trump's announcement of a "90 day delay" to his reciprocal tariff plans except for China.

In comments following the announcement, President Trump mentioned he has been monitoring the bond market.

The administration is finally signalling responsiveness to the very extreme market conditions