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Clinton Cleared – Dollar Defies Donald

Nine days after the FBI dropped the bombshell that they were re-looking into Clinton’s email probe, they released a statement stating that no new conclusions have been reached,  less than two days before election day begins.  Clearly, some damage has been done to Clinton, but the last word regarding this case is in her favor.

Her rival Donald Trump, which praised the FBI just last Friday, said the system is rigged, quite unsurprisingly.  He also stated that he’ll accept the results of the elections if he wins. Otherwise, who knows.

The US dollar  opened election week in Asian trading on a positive note, making significant  against the safe-haven yen among others. This is a counter-reaction to the falls the greenback suffered on October 28th, when the issue resurfaced.

Over the weekend, things already seemed positive for the Democratic candidate as reports about a massive  Hispanic early voting turnout in Nevada and also in Florida gave her a boost.

Needless to say, the polls are still very tight and it is not over  until the last cast vote is counted.

More:

Here is how it looks on USD/JPY,  nearly 100 pips at the time of writing, with the pair hitting 104.10 at the peak so far.

usdjpy-jumps-november-7-2016-clinton-cleared-fbi

The US dollar also made headway against the euro. EUR/USD started lower with a significant market gap:

eurusd-dollar-hailing-hillary-november-7-2016

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.