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📰 DOLLAR LIKELY TO RISE IF TRUMP BECOMES PRESIDENT The dollar and U.S. equities are likely to rise–at least initially–if Republican candidate Donald Trump wins the U.S. presidential election on November 5, MUFG Bank says. A Trump interview with Bloomberg last week suggests a higher risk that he will implement inflationary tariffs more quickly than he did during his first term as president, MUFG analyst Derek Halpenny says in a note. However, the dollar’s nearly 4% rise in October suggests this is being priced already and could limit the currency’s gains, he says. The euro is likely to break below $1.0500 but remain above parity on a Trump victory, he says. The euro falls 0.1% to $1.0807.

October 29, 2024
Frank

DOLLAR LIKELY TO RISE IF TRUMP BECOMES PRESIDENT

The dollar and U.S. equities are likely to rise–at least initially–if Republican candidate Donald Trump wins the U.S. presidential election on November 5, MUFG Bank says. A Trump interview with Bloomberg last week suggests a higher risk that he will implement inflationary tariffs more quickly than he did during his first term as president, MUFG analyst Derek Halpenny says in a note. However, the dollar’s nearly 4% rise in October suggests this is being priced already and could limit the currency’s gains, he says. The euro is likely to break below $1.0500 but remain above parity on a Trump victory, he says. The euro falls 0.1% to $1.0807.