Business
The US election could shake up currencies and pressure the RBA – Sydney Morning Herald
The election could produce a pivotal moment for the US dollar, one with material implications for other economies’ ability to recover from the devastating impacts…
It also means that if those risks subside the dollar is likely to weaken.
For much of this year the course of the dollar has been driven more by fundamentals than “”risk-on” or “risk-off” trades.
The pandemic, the Trump administrations bungled response to it, the cratering of the economy and the inability of Congress to agree a second stimulus package to blunt its continuing economic effects have seen the dollar tumble nearly 10 per cent from its pre-pandemic levels.
The election could produce a…
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