An ABC poll shows a 1% lead for Donald Trump on Hillary Clinton, something that hasn’t been seen for a very long time. The gap has been narrowing before Friday’s FBI Effect and now there are further reverberations. There is more smoke than fire in this affair, but the momentum is currently against Clinton.
The US dollar has responded negatively to the revelation on Friday but managed to correct some of the losses. This poll does not have the same wide move, but EUR/USD was already trying to move above 1.10, and finally made it.
We are also seeing the US dollar weaken against the yen, with a slide under 105 in USD/JPY. The break above 1.10 in EUR/USD was probably the path of least resistance for dollar sellers.
Here is the poll from ABC. Note that this same tracking poll showed a 12% lead for Clinton just last weekend. 10 days make a big difference. Note that also this poll shows a narrowing of the gap even before the FBI “October Surprise”. The bump up in Obamacare costs also contributed.
Here is the EUR/USD chart. The high so far has been 1.1034. Weak resistance awaits at 1.1070 with a very strong cap at 1.1120, the lower bound of the range that was seen before the greenback surged through.
More: US elections and forex – all the updates
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