How Much of Trump Trade Is Priced Into the Dollar?

The video discusses the weakening of the dollar, influenced by Trump's policies and market expectations. Brad Bechtel, an FX strategist, explains that the dollar's recent drop is due to technical factors and a lack of new information from Trump. The market's consensus on dollar positioning is fragile, and the Fed's future rate hikes are not yet priced in. Political factors, such as Congress's focus on healthcare, also play a role in the dollar's performance.

In what ways does the speaker suggest the current market situation is different from last year?

What concerns are raised regarding the focus of Congress and its impact on fiscal policy?