A Trump re-election will likely support the USD in the short term – Nordea
Source Fxstreet
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.
Recommended Articles
Bitcoin prices surge past $65,000 as U.S. and Iran reach a new agreement, with the $70,000 mark in sight this week.On June 15, Bitcoin ( BTC) continued its rebound, decisively breaking th
Gold Rallies for Third Straight Day. Trump Says US-Iran Deal Will Be Reached, Can Gold Prices Return Above $4,500? As of the Asian session today (June 15), driven by significant progress in US-Iran negotiations, gold prices today ( XAUUSD) gapped higher at the open, with intraday gains exceeding 2%; m
As of the Asian session today (June 15), driven by significant progress in US-Iran negotiations, gold prices today ( XAUUSD) gapped higher at the open, with intraday gains exceeding 2%; m
Gold rises to weekly high as US, Iran reach peace dealGold price (XAU/USD) rises to a weekly high during the Asian trading hours on Monday. The precious metal rebounds after the United States (US) and Iran had reached a deal to end their conflict, easing concerns about inflation and higher interest rates.
Gold price (XAU/USD) rises to a weekly high during the Asian trading hours on Monday. The precious metal rebounds after the United States (US) and Iran had reached a deal to end their conflict, easing concerns about inflation and higher interest rates.
As of the Asian session on June 12, gold ( XAUUSD) prices oscillated lower near $4,180. Yesterday, gold prices briefly dipped toward $4,000 before rebounding sharply above $4,200 on news
West Texas Intermediate (WTI) oil price remains subdued after registering over 5.5% losses in the previous day, trading around $85.00 per barrel during the Asian hours on Friday.
Related Instrument
