Rabobank: US Presidential Election Critical to Dollar Outlook
2024-09-17 15:45:04
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Rabobank said the US Presidential Election in November will play a key role in the direction of the dollar in late 2024 and early 2024. Inflation could be higher if Mr. Trump is elected president. A looser fiscal position suggests the Fed's easing cycle could abruptly stop next year. A Harris victory would allow a longer series of rate cuts, meaning the dollar would move more weakly than a Trump presidency.
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