How Will the Dollar Respond to the Outcome of the U.S. Election?

What Impact Will the U.S. Election Have on the Dollar's Fall?

0801 GMT – The dollar falls as Tuesday’s U.S. presidential election looks set to be a much tighter race between Donald Trump and Kamala Harris than markets have been pricing in recent weeks, Swissquote Bank says. The euro versus the dollar is seen as the most vulnerable exchange rate to a potential Trump victory due to the threat of tariffs on the EU, Swissquote analyst Ipek Ozkardeskaya says in a note. A Harris win could send the euro above $1.10, she says. A Trump win or a contested outcome on the other hand could move capital to the dollar. The euro rises 0.1% to $1.0890. The DXY dollar index falls 0.1% to

Asian Currencies Consolidate Ahead of U.S. Presidential Election

0205 GMT — Asian currencies consolidate against the U.S. dollar in early trading ahead of the U.S. presidential election later in the day. “The election race has tightened and is neck to neck in key swing states,” MUFG Bank’s Lloyd Chan says in a research report. “The biggest shock to Asian economies would come from a victory for Trump, whose proposed plan is to sharply raise import tariffs to improve trade balances, shift manufacturing production to the U.S., and combat China’s rising global influence,” the senior currency analyst says. USD/SGD is little changed at 1.3197; AUD/USD edges 0.1% higher to 0.6591.