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.
