Reported 22 days ago
The US dollar fell on Monday as traders exited positions linked to Donald Trump's potential election victory, amid growing uncertainty surrounding the US presidential elections. Analysts suggest that if Republicans win, it could lead to a significant rally in the dollar, while a Democratic victory may weaken the currency due to concerns about higher taxes and regulation. Additionally, the Federal Reserve is expected to announce a rate cut soon, with implications for the labor market further influencing currency movements.
Source: YAHOO