Reported 8 months ago
As the 2024 US presidential election approaches, Commerzbank AG Head of FX Research Ulrich Leuchtmann discusses the potential impact of Trump's reelection on the US dollar. Leuchtmann highlights that Trump's interference with the Federal Reserve's independence could lead to US dollar weakness, contrary to the strength seen after his 2016 election. He emphasizes that the Fed's interest rate policies and independence are crucial factors affecting the dollar's value, cautioning that any move towards a more politically influenced Fed could result in a weaker dollar. The article provides insights into market preparations for the forthcoming election and the implications on currency markets.
Source: YAHOO