Reported about 1 year ago
The euro strengthened as French election results indicated a lower likelihood of extreme policies from the far-right party, impacting market dynamics. Traders in the US are cautious of potential economic implications following the November election after the recent presidential debate between Biden and Trump. Wall Street is keeping a close eye on election news, with Treasuries falling and stocks slightly up, particularly in tech. Dollar gained as Biden's candidacy is being solidified for formal nomination in July, while the Supreme Court's ruling on Trump's immunity from criminal charges ensures no trial before the election. Investors are reevaluating assumptions, and JPMorgan expects the dollar to remain elevated due to November election risks.
Source: YAHOO