Investors are dumping US dollars ahead of next Tuesday’s US Presidential election. This will be a historic event for the country, the world and the financial markets. The stakes are high and the outcome is uncertain. There’s a very good chance that the next President of the United States won’t be decided on November 3rd which explains wy investors are compelled to reduce exposure and cut positions ahead of the election especially after record breaking gains in stocks this year. A flurry of US economic reports were released today – none of which lent much support to the greenback. USD/JPY was on a one way … (full story)
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