Gold Ten Data, October 24 news, Standard Chartered Bank estimates that 60% of the appreciation of the US dollar in October is related to the bet that Trump will win the election on November 5. The US dollar index has risen by more than 3% this month and is expected to have its best monthly performance since 2022. Many analysts believe that Trump's election as president will boost the US dollar given the prospects of high tariffs and the resulting market fluctuations, which tend to favor safe-haven assets. Steven Englander, Global G10 Forex research director at Standard Chartered Bank, said that the possibility of Trump winning is increasing, which strengthens the US dollar. This has a greater impact on Forex than on fixed income. Englander estimates that the market expects the possibility of Trump winning to be close to 70%. If this possibility is confirmed and there is a division in Congress, there will be room for profit-taking in the market. If the Republican Party wins control of both houses of Congress, it may have an impact on the market.
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Standard Chartered: Trump's Election Victory Determines the Rise of the Dollar
Gold Ten Data, October 24 news, Standard Chartered Bank estimates that 60% of the appreciation of the US dollar in October is related to the bet that Trump will win the election on November 5. The US dollar index has risen by more than 3% this month and is expected to have its best monthly performance since 2022. Many analysts believe that Trump's election as president will boost the US dollar given the prospects of high tariffs and the resulting market fluctuations, which tend to favor safe-haven assets. Steven Englander, Global G10 Forex research director at Standard Chartered Bank, said that the possibility of Trump winning is increasing, which strengthens the US dollar. This has a greater impact on Forex than on fixed income. Englander estimates that the market expects the possibility of Trump winning to be close to 70%. If this possibility is confirmed and there is a division in Congress, there will be room for profit-taking in the market. If the Republican Party wins control of both houses of Congress, it may have an impact on the market.