JP Morgan analysts believe that the Dollar will weaken regardless of the US electoral outcome. In the event of Trump's victory, NordFX analysts forecast that its fall may reach 10-15%. If, on the other hand, Hillary Clinton wins, the fluctuation of all indicators may reach ± 5%.
The upcoming presidential election on November 8 could significantly change the situation in the US economy and consequently lead to major fluctuations of the dollar against other world currencies. The electoral platforms of the two major candidates for the US presidency, Hillary Clinton and Donald Trump, promise major changes in trade policies, according to Bloomberg. To add to this, according to analysts from JP Morgan Chase (one of the largest brokers) a victory of any of these candidates may result at the very least in increased tension between Washington and its partners, if not in outright trade wars. This carries the risk of a reorientation of investors from the dollar to other currencies.