This week’s presidential debate among Joe Biden and Donald Trump ought to effect the USD if both candidate performs much higher than the other candidate and tilts the scales on who is much more likely to win in November.
The safe-haven USD would possibly toughen, at least initially , if Trump “wins” the debate in Atlanta at 9pm ET on Thursday (0100 GMT on Friday) or weaken courtesy of a rise in danger appetite if Biden gets the top hand.
Biden and Trump are neck-in-neck in country wide opinion polls, with many voters undecided approximately who they will vote for on Nov. 5.
Ahead of the debate, advisers to Trump have presented him with a plan to quit Russia’s war in Ukraine – if he wins the election – that entails telling Ukraine it’ll obtain extra U.S. Guns best if it enters into peace talks.
Russia’s invasion of Ukraine in February 2022 precipitated secure-haven shopping for of the dollar, sending EUR/USD and GBP/USD south from 1.13 and 1.35 respectively.
The Russian invasion of Ukraine in February 2022 caused a bullish rally on the DXY(USD) from 95-114, this has given the dollar an edge over the other pair.