Forex
globalreutersOctober 29, 20241 Mins read
MUFG says US dollar to rise if Trump wins, but much of it priced in already
globalreutersOctober 29, 20241 Mins read The info from MUFG has been around, but ICYMI.
In brief:
- US dollar will likely rise initially if Trump wins election
- Trump’s remarks indicate a higher risk that he will implement inflationary tariffs more quickly than he did during his first term as president
- Given the rise of the USD during October further gains could be limited, rise being ‘priced in’
- EUR/USD likely to break under 1.05, but not below parity
This article was written by Eamonn Sheridan at www.forexlive.com.
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