Election Effect On Currency

Over this year the.

Election effect on currency. Conversely the us dollar would appreciate if joe biden becomes president according to this theory. The twists and turns in the united states us elections continue to attract the attention of us dollar usd traders who are trying to mitigate the direction the currency could go. Election outcome could impact currency markets.

If democrat hillary clinton wins the election the most likely result is that it s going to be considered business as usual as there will be continuity with the existing obama administration says luc de la durantaye first vice president of global asset allocation and currency management at cibc asset management and manager of the renaissance optimal inflation opportunities portfolio. Dollar will continue to be affected by the ongoing spread and or control of the pandemic and the development of a vaccine. Similar to eur usd trump winning could result in a lower us dollar against the canadian dollar.

Dollar saw swings on election night and discuss how the u s. Usd cad is the fifth most traded currency pair. As we move closer to election day in the us on 3 november 2020 there is still a lot of uncertainty ahead and more dates to watch out for include the final presidential debate confirmed for 22 october 2020.

Impact of election on usd cad. Earlier events this year such as the coronavirus pandemic have already led to fluctuations in the dollar s value and the election of a new president and all that comes with it could potentially lead to more. Elections can have a dramatic effect on the domestic economy and currency markets with events likely to substantially impact the usd.

Fx market analyst simon harvey joins yahoo finance to break down why the u s.