if the election isn't decided for a couple of days or longer because of ballot counting...things could get very ugly....I'd say USD may spike up next week because of uncertainty....
US Week Ahead: Nov Elections, Trade Balance, UoM Cons Sent, ISM Non-Manf
As the US elections approach, political commentators still suggest a rather close set of contests for the presidency and control of Congress. It is generally agreed that the equity market will be more obviously influenced by any ‘skewed’ result (ie, either party winning the presidential race as well as a dominant position in Congress), but then again most specialists predict something of a split result, which judging by the 1990s precedent is not necessarily inimical to good economic performance. As far as rates markets are concerned (and not just them), the key immediate issue is the rapidly approaching ... (full story)