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Caution Limits Bullish Dollar’s Path Ahead of The Elections

Adel 3 November, 2020 2:08 pm Daily Economic Reports, Economic Report, Market Update

There was a state of caution Tuesday, hours before the polls open in the United States, as investors prepare for a possible wave of the volatility after the elections.


The US dollar fell by 0.2% against a basket of currencies to trade at 93.831, and the dollar hit its highest level in a month on Monday.


Analysts said that Biden’s victory is weakening the dollar as he is expected to spend large sums on the stimulus or take a freer approach in terms of trade, which would support other currencies against the US dollar.

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