ChainCatcher reported that according to Jinshi, George Saravelos, head of currency research at Deutsche Bank, said that the market previously believed that the impact of Trump's election as president was priced in to a certain extent before he took office, but in fact, the market's pricing of the Trump effect is not excessive at all.

He explained: "In our model, the safe-haven premium of the US dollar is only 3%, while it was as high as 10% during the first trade war. The bottom line is that the market's pricing of the Trump effect is not excessive at all."