Reported about 1 year ago
Investors closely observed the U.S. presidential debate between Joe Biden and Donald Trump, which had minimal market impact but raised concerns about the country's future. The debate may have slightly increased the odds of a Trump victory, potentially leading to higher inflation risks, longer Fed rate hikes, elevated Treasury yields, and a strong dollar. The market is awaiting the release of the U.S. core PCE price index, with expectations of a slowdown in annual inflation. Despite skepticism about the dollar weakening, other central banks have begun monetary easing, and the yen has notably weakened to a 38-year low against the dollar, prompting concerns of intervention from Tokyo.
Source: YAHOO