Asian Currencies Weaken as Dollar Hits Near 3-Month High Amid Rate and Election Jitters

Key Takeaways: ๐Ÿ’ฑ Asian currencies weakened due to uncertainty over U.S. interest rates and upcoming elections ๐Ÿ“‰ Japanese yen hit near three-month low amid anticipation of Japanese election and BOJ meeting ๐Ÿ‡จ๐Ÿ‡ณ Yuan remained at two-month lows due to signals on stimulus from China ๐Ÿ’น Dollar index rose 0.1% in Asian trade, reflecting expectations of โ€ฆ Read more

Analyzing the Potential Impact of the US Election on the US Dollar โ€“ Insights from UBS

Key Takeaways: ๐Ÿ’ฒ US dollar trading above implied fair value ๐Ÿ“ˆ 3% increase in dollar compared to currency basket ๐Ÿ—ณ๏ธ Trump favored to win election despite some divergence ๐Ÿ›ก๏ธ Trump victory could support dollar through policy proposals ๐Ÿฆ Overseas central banks expected to cut interest rates, supporting dollar ๐Ÿ›๏ธ Possible outcomes include a win for โ€ฆ Read more