Analyst: If ‘Harris deal’ ignites, it could burn the dollar
ChainCatcher News - Harris had a heated debate with Trump on Tuesday and the dollar could fall further if the perceived likelihood of her winning the US presidential election in November continues to rise, market analyst Robert Howard said.
Betting markets suggest Harris is now more likely to succeed Biden than before the debate, while Trump has become less likely. It is widely recognised that if Harris, rather than Trump, is elected President, US inflation could be lower and the Fed's rate-cutting cycle could continue deeper and longer, which could be detrimental to the US Dollar.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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