Daily News | US presidential race

Hello and welcome once again to our daily news recap. It’s the start of another trading week and we can expect a lot of action once again, so let get started with our analysis. We will start this Monday off with the euro. This currency fell from Thursday to Friday, from $1.1227 to $1.1222. This comes as the country of Germany and the European Central Bank seem to be poised to butt heads this week. Conservative politicians, headed by Michael Stuebgen, are attempting to make the ECB change course, although the organization is expected to continue its already existing policies. We will continue to watch this situation closely as it develops. Now, let us take a look at the US dollar. In the same timeframe, the USD rose from €0.8906 to €0.8910. The main focus of Wall Street in the weeks to come will be the US presidential race and speculation concerning who will win the elections, Hillary Clinton or Donald Trump. Although the race had limited effect on the market, this could change as the race tightens. Some analysts believe that US equities should be a bit higher this week, after the Federal Reserve left interest rates unchanged. In any case, the US presidential race will heat up today as the first debate between the two candidates takes place, so it will be interesting to see the debate’s effect on the market.

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Author: Max Rothstein

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