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    A Trump re-election will likely support the USD in the short term – Nordea

    Source Fxstreet
    Feb 19, 2024 14:16

    US election outcome remains a joker. Economists at Nordea analyze how the US Dollar (USD) could react to a Trump presidency.

    A weaker USD could happen especially if sovereign debt concerns materialise

    The outcome of the US presidential election could see the USD standing on a firmer footing than we have pencilled in.

    If Trump is re-elected, his comeback will likely lead to more inflationary policies, a renewed trade war between the US and abroad with China in focus, heightened geopolitical risks and higher US government deficits.

    For the USD, a Trump re-election will likely support the USD in the short term due to trade and geopolitical tensions, while a weaker USD than we have pencilled could happen especially if sovereign debt concerns materialise.

     

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
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