FILE PHOTO: 3D printed percentage symbols are seen in front of dollar banknotes in this illustration taken May 25, 2020. REUTERS/Dado Ruvic/Illustration
“If the debate puts Trump on the back foot and Biden keeps his lead, I think it could lead people to let go of their dollars,” said Daisuke Karakama, chief market economist at Mizuho Bank. Markets are also braced for a slew of data to gauge the health of the world’s biggest economy ahead of the election, analysts say, including Tuesday’s consumer confidence, a manufacturing survey and consumer data on Thursday as well as jobs report on Friday.
Separately, the pound also found support overnight as Bank of England Deputy Governor Dave Ramsden said he thought the floor for the central bank’s key interest rate was 0.1%. Ramsden however said the BoE was “duty-bound” to consider pushing the rates below zero.
How I wish it were steady against Turkish Lira
Biden won. No way we are electing a broke president who probably committed tax fraud.
Traders also tracked developments on the US stimulus bill.
Nice!
The dollar held steady against a basket of currencies on Tuesday as financial markets braced for the first US presidential debate .
The markets will rally on November 4 when JoeBiden wins a resounding landslide victory.
I predict a drop in the USD if Trump 'wins' tomorrow's debate.
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Source: Reuters - 🏆 2. / 97 Read more »