Quick sketch of where to for the USD under Biden and Trump

July 10, 2024
-FCHFX

July 10, 2024 at 01:41AM
RBC tiptoe into the political minefield of the US election. It’s a critical event ahead, so we are all going to have to.

On the USD, RBC cite election uncertainty:

“Until we have more clarity on post-election policy, our 2025 dollar profile remains pretty flat,”

Analysts paint a broad outline of scenarios under the two sides:

If Biden wins the extension of status quo would leave the dollar little changed on political influences

If Trump wins, its “wildcard” for the US dollar:

Trump would probably lean on the Fed to cut rates, a USD negative

on the other hand his big tariff policy imports to the USD could be dollar positive

This article was written by Eamonn Sheridan at www.forexlive.com.

Quick sketch of where to for the USD under Biden and Trump

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