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State Street: Biden's withdrawal from the election would put the dollar at risk
State Street believes there could be a "short-term negative reaction" to the dollar if Biden pulls out of the US Presidential Election and traders cut back on trading related to Donald Trump's victory. Noel Dixon, a macro strategist at State Street, believes Biden's exit will make competition more intense and cause market volatility. "It's basically a Trump win now". The "Trump trade" has investors betting that his economic policies will only reignite inflation, thus...
2024-07-19 17:56:57
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