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
As of the Asian session on July 3, gold prices ( XAUUSD) extended yesterday's rally, climbing to an intraday high of $4,195.52. Looking at the charts, gold has gained over $100 in total s
Gold gains momentum above $4,100 after weak US NFP data Gold price (XAU/USD) gains traction to around $4,125 during the early Asian session on Friday. The precious metal extends the rally after weaker-than-expected US Nonfarm Payrolls (NFP) data reduced expectations of Federal Reserve (Fed) interest rate hikes this year.
Gold price (XAU/USD) gains traction to around $4,125 during the early Asian session on Friday. The precious metal extends the rally after weaker-than-expected US Nonfarm Payrolls (NFP) data reduced expectations of Federal Reserve (Fed) interest rate hikes this year.
As of the European session on July 2, WTI ( USOIL) crude oil prices fluctuated with a weak bias around $68, extending their prior downward trend. From a technical perspective, against the
Japanese Yen recovers sharply from 40-year low as intervention bets trigger short-coveringThe USD/JPY pair comes under intense selling pressure and plummets to the 161.00 neighborhood heading into the European session on Thursday, snapping a three-day winning streak to the highest since 1986 set the previous day.
The USD/JPY pair comes under intense selling pressure and plummets to the 161.00 neighborhood heading into the European session on Thursday, snapping a three-day winning streak to the highest since 1986 set the previous day.
On Wednesday (July 1), Eastern Time, Federal Reserve Chairman Warsh stated at the ECB's annual forum in Sintra, Portugal, that while recent US inflation expectations and inflation risks h
Related Instrument
