Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
MUFG: Dollar could appreciate if Trump is elected president

MUFG: Dollar could appreciate if Trump is elected president

CointimeCointime2024/10/29 12:22
By:Cointime

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.

0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitcoin’s history of bull market drawdowns

The most brutal drawdowns have historically happened at the tail end of bull runs

Blockworks2024/11/26 15:55