US Elections: USD and equities to react positively to a split result – ANZ US Elections DollarIndex Equities Bonds Banks
The US midterm elections will be held on Tuesday, November 8, with voting for all 435 seats in Congress and 35 of the 100 seats in the Senate. As strategists at ANZ Bank note, the US Dollar and equity markets tend to finish the month higher after midterms.“We regard a Republican-controlled Congress as the most likely scenario . Not far behind, at 41%, is a split Congress, with a Republican-led House and a Democrat Senate.
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