Reported 20 days ago
As the US election approaches a photo finish, hedge funds are shifting their strategies, opting for currency options that could profit from a weaker dollar if Kamala Harris wins the presidency. Polls indicating a tight race caused some funds to unwind bets on a stronger dollar, leading to increased interest in euro and Australian dollar options. The market anticipates significant volatility based on the election outcome, with estimates suggesting the dollar could rise by 3% if Trump secures a victory, while a Harris win could lead to a 2% decline.
Source: YAHOO