Currency: Trump Presidency Could Make the US Dollar Stronger
Leading investment bank UBS remains bullish on the US dollar currency if Donald Trump wins the presidency in November. The bank wrote in its recent report that the market is contemplating a Trump victory against his viral Kamala Harris. However, opinion polls show a different perspective as Harris is beating Trump in the ballot box. While these are mere speculations, the exact result of the election will be announced on November 5, 2024. Also Read: There Is No American Dream Anymore, It’s Only Survival Currency: Higher Odds of the US Dollar Strengthening Under Trump Presidency Source: CNN The recent data from UBS shows that the US dollar has a higher chance of strengthening in the currency markets under the Trump presidency. The former President is more focused on steering the USD on the right track than his rival Harris. “Higher odds of a Trump presidency are likely to be associated with a stronger USD near term,” said analysts at UBS. Also Read: BRICS Pay: Exclusive Video of New Pay...