Reported 20 days ago
As the results of the closely contested 2024 U.S. election begin to emerge, currency traders are bracing for significant market volatility, with options for the euro and Mexican peso reaching their highest levels since 2016. The election between Kamala Harris and Donald Trump has left traders hedging against potential overnight price swings, particularly given differing economic expectations tied to the candidates, with Trump's policies expected to increase inflation and bond yields, while Harris is seen as continuing the current agenda. Analysts predict that volatility will remain high in the coming weeks as uncertainties linger.
Source: YAHOO