Election Countdown: Dollar at Crossroads as Trump or Harris White House Looms
Investing.com -- The upcoming U.S. election may prove a fork in the road for the dollar, with a Trump victory likely boosting the greenback initially, while a Harris win may trigger short-term weakness, but experts warn against betting that any immediate post-result move will likely continue into 2025.
"The USD would be likely to rally sharply if there are signs of future fiscal stimulus that would temper market expectations for Fed easing in 2025," HSBC said, adding that higher trade tariffs would also support the dollar, particularly if they feed inflation expectations. A Harris presidency with divided government is viewed by HSBC as the ultimate"status-quo outcome" and one that might see some initial dollar weakness but would likely not have lasting implications for the currency.
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