USD weaker to open the brand new foreign exchange week – election polls the offender

There are solely three certainties in life:

1. demise
2. taxes
3. somebody, someplace, may have a neat and easy narrative to clarify all actions in monetary markets

Right here is my contribution to #three at present – the USD is weaker to kick off the brand new week because of the election information hitting the headlines this weekend.

Primarily the reported surge of assist for Harris in Iowa:

• Harris odds soar additional after influential Iowa ballot exhibits her with a surprising lead

USD has misplaced floor:

Jokes apart, appears affordable.

Anyway, markets at the moment of week are super-thinly traded. I say this each week however its at all times gratifying after we get a giant transfer :

• Monday morning open ranges – indicative foreign exchange costs – 04 November 2024

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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