U.S. ELECTIONS WILL DECIDE DOLLAR’S NEAR-TERM OUTLOOK
The outcome of the U.S. election early next month will determine the dollar’s near-term outlook, BNP Paribas Markets 360 says in a note. Opinion polls currently suggest the election outcome remains veryuncertain. A ‘red wave’–where Republican candidate Donald Trump becomes president and Republicans control Congress–would be the most positive result for the dollar. The dollar would weaken broadly if Democrat candidate Kamala Harris becomes president and Congress is divided, BNP Paribas says.