Reported 22 days ago
The dollar experienced a decline following a surprising Iowa poll indicating that Democratic candidate Kamala Harris has surpassed Republican incumbent Donald Trump. This news resulted in the dollar dropping 0.9% against the yen and 0.6% against the euro, while the Australian dollar gained 0.8%. Analysts believe that a Harris victory would exert less upward pressure on the dollar compared to Trump’s policies. Furthermore, market expectations predict that the Federal Reserve will implement interest rate cuts this week regardless of the election outcome.
Source: YAHOO