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Winners in FX Markets After US Presidential Election: CAD & MXN

From dailyfx.com

Democrat Joe Biden has won the US presidency. While many of his policies and plans may not come to fruition thanks to a divided Congress, one area that he can directly impact, regardless of the composition of Congress, is trade. Trade wars were a hallmark of the Trump era. While a president-elect Joe Biden may not deviate that far on trade policy when it comes to China beyond ending tariffs, there is a reasonable basis of expectation that the Biden administration will seek to normalize trade policy with key allies. Among the countries at the top of this list include Canada and Mexico, the United States’ immediate ... (full story)

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  • Category: Technical Analysis