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EUR/USD, AUD/USD: Betting markets swing towards Harris, weakening US dollar
Momentum is with Democratic US Presidential candidate Kamala Harris, if the shift in betting markets over the weekend is anything to go by. With less expansionary fiscal policy plans than Republican rival Donald Trump, traders have rushed to price in a reduced risk of a red wave in Congress. This has led to early weakness in the US dollar in Asia, and for the first time in a while, momentum in EUR and AUD has swung towards the bulls. Betting markets swinging blue? Aided by thin conditions with Japanese markets closed for a public holiday, major currencies jumped as trade resumed on Monday in Asia, reacting to a clear ... (full story)
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- Posted: Nov 4, 2024 1:39am
- Submitted by:Category: Technical AnalysisComments: 1 / Views: 6,649
