Dollar, US Stock Futures Hold Steady Ahead of Vote: Markets Wrap

Published On Nov 5, 2024, 3:38 AM

The US is approaching a tight presidential election between Donald Trump and Kamala Harris, with polling stations opening soon. Traders are showing caution ahead of this event due to the high possibility of a disputed result that could prolong the vote count. The dollar has remained stable as investors adjust their expectations around potential election outcomes. Hedge funds are looking into options that could benefit from a weaker dollar if Harris wins. Additionally, a series of economic events, including the Federal Reserve's rate decision later in the week, may further influence markets.

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Given the current uncertainty surrounding the US presidential election and its potential outcomes, coupled with the upcoming Fed decision, stock prices may be affected depending on the election results and economic data released this week.

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