USD weaker to open the new forex week – election polls the culprit

There are only three certainties in life:

1. death
2. taxes
3. someone, somewhere, will have a neat and simple narrative to explain all movements in financial markets

Here is my contribution to #3 today – the USD is weaker to kick off the new week due to the election news hitting the headlines this weekend.

Mainly the reported surge of support for Harris in Iowa:

• Harris odds jump further after influential Iowa poll shows her with a shocking lead

USD has lost ground:

Jokes aside, seems reasonable.

Anyway, markets at this time of week are super-thinly traded. I say this every week but its always gratifying when we get a big move :

• Monday morning open levels – indicative forex prices – 04 November 2024

This article was written by Eamonn Sheridan at www.forexlive.com.