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US Elections move dollar

By Callum Holmes November 9th, 2016

The US dollar was flat as the markets awaited the outcome of the US Election. A victory for Hillary Clinton was seen as a vote for the status quo and the least disruptive outcome for the financial market. A victory for Donald Trump was seen as a major disrupter to the financial markets and as it became more clear that he would become President stock markets around the world have plunged. The effect, so far, on currencies has been muted but I suspect we are in for a day of currency movement – some major banks were forecasting significant weakness for the US dollar.