MUFG: Dollar could appreciate if Trump is elected president
Mitsubishi UFJ Securities analyst Derek Halpenny said that if Republican candidate Trump wins the US presidential election on November 5th, the US dollar and US stock market may rise, at least initially. Trump stated in a media interview last week that the risk of increasing tariffs faster than in his first term as president is higher. However, the US dollar's nearly 4% rise in October suggests that this has already been digested and may limit the US dollar's gains. If Trump wins, the euro against the US dollar may fall below 1.0500, but it will still be above parity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP Gains Edge in ETF Race Over SOL and DOGE, Says Kaiko
Strive Pushes Intuit to Add Bitcoin to Treasury
Strive urges Intuit to hold Bitcoin in its treasury to hedge against AI-driven disruption risks.Bitcoin as a Hedge Against AI Disruption?Why Bitcoin, and Why Now?BTC in the Boardroom
JP Morgan Predicts Imminent Interest Rate Cuts
JP Morgan forecasts upcoming rate cuts, signaling a major shift in U.S. economic policy that could impact markets and crypto alike.JP Morgan Signals Upcoming Interest Rate CutsWhy Rate Cuts Matter for MarketsCrypto Could See Renewed Interest
Raydium launches Launch Lab, a token issuance platform
Trending news
MoreCrypto prices
More
