MUFG: Dollar could appreciate if Trump wins
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Odaily Odaily News: Mitsubishi UFJ analyst Derek Halpenny said that if Republican candidate Trump wins the US presidential election on November 5, the US dollar and US stocks may rise, at least at first. In an interview with the media last week, Trump said that he was at a higher risk of raising tariffs faster than during his first presidency. However, the dollar's nearly 4% gain in October suggests that this has been digested and may limit the dollar's gains. If Trump wins, the euro may fall below 1.0500 against the dollar, but it will still be above parity. (Jinshi)
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