Election Effect On Dollar

Kolanovic did not exactly point towards whether a trump re election could steer towards a stronger dollar. A joe biden win could weaken the longer term prospects of the us dollar as he may reduce consumer spending power with tax hikes and diminish competitiveness as he opens up the us to more international trade with europe and the far east with reductions in tariffs. Dollar will continue to be affected by the ongoing spread and or control of the pandemic and the development of a vaccine.

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Election effect on dollar. Elections can have a dramatic effect on the domestic economy and currency markets with events likely to substantially impact the usd. Bloomberg the dollar strengthened in the 100 trading days after nine of the past 10 elections from 1980 to 2016 according to richard falkenhall a senior foreign exchange strategist at seb ab in stockholm. Democrat wins produced a 4 rally on average whilst a.

Promises of job creation national debt reduction and the creation of a strong national economy are often the vehicles by which a candidate promises to deliver a strong dollar. According to researchers at sweden s seb the dollar rose in the 100 trading days after nine of the past 10 elections from 1980 to 2016. Dollar is a popular topic within the campaign trail rhetoric of nearly all candidates running in the presidential election.

Regardless of the outcome of the election the u s. The strength of the u s. However he implied that biden winning the election could lead to a weaker dollar.