Reported 27 days ago
Currency volatility has increased sharply as investors prepare for the upcoming U.S. presidential election, which could lead to significant economic policy shifts. The implied volatility for the euro-dollar pair has reached its highest since March 2023, while sterling-dollar volatility also surged. Betting markets indicate a rising likelihood of a Trump victory, potentially impacting U.S. interest rates and the dollar's strength. The dollar index has climbed to a three-month high as anticipation builds ahead of the election on Nov. 5.
Source: YAHOO