Markets Brace for US Election with Steady Stocks and Jittery Currencies
TL;DR Summary
Ahead of the US election, financial markets are showing signs of unwinding the "Trump Trade," with the US dollar losing ground and bond yields falling. A Trump victory is expected to strengthen the dollar, while a Harris win could lead to a rapid dollar retreat. Market volatility remains high, with the CBOE Volatility Index at a four-month peak. Analysts suggest that any clear election result could prompt a reversal in market trends, as investors seek certainty. Gold and Bitcoin have also retreated, reflecting potential shifts in investor sentiment.
- Signs of Trump trade unwinding ahead of the US Election Euronews
- Treasury yields are little changed as the U.S. prepares to vote CNBC
- 'Trump Trade’ Doubts Boosting US Treasuries Bloomberg
- A November Surprise That’s Jostling the Markets The New York Times
- Stocks steady, currencies jittery as US votes Reuters
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