The uncertainty brought by the US election race has led investors to focus on the dollar with a rise by 1% against most global currencies. The dollar had a fair few ups and downs last night as Trump saw higher success than expected. Some surprising currencies have weakened including the Chinese yuan, Australian dollar and Norwegian crown. Share prices in Wall Street’s Dow Jones Industrial Average will start low today. Read on to learn more about how the US election will affect stock markets.
Tag Archives: US election
Stimulus Shocks Stocks
Stocks fell after a six-week high reversing a coronavirus recovery. Traders are no longer waiting for an agreement for the U.S. stimulus as it is expected the coronavirus aid package will be introduced after the November election. The International Monetary Fund warned an economic recovery will not be smooth until the virus is tamed as they prepare an annual meeting with the World Bank to discuss the worst economic recession since the Great Depression.
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