US Dollar is still at risk from the Democrats losing at least one house of Congress – DBS Bank

and weaken the greenback. As economists at DBS Bank note, the US Dollar is still at risk from the Democrats losing at least one house of Congress.“The Republicans did not make the significant gains suggested by the polls. Control of the US Senate hangs in the balance with the Georgia Senate race headed for a runoff on 6 December. The contest to control the House remains too close. However, sentiment could reverse again if the Republicans capture a thin majority.

“Spending cuts should help ease inflation worries, and together with a US debt default risk, will question the sustainability of the USD’s strength achieved this year.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

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