In view of analysts at ING, Tuesday’s US mid-term elections will have a major say over where the dollar trades for the rest of the year. Key Quotes “Long dollar/short EM positioning is vulnerable going into this election risk given that in the background we now have the (albeit small) prospect of Presidents Trump and Xi striking a trade deal later in November. But the dollar hasn’t rallied this year purely on trade friction.” “The fiscal/monetary mix has had a big say in the dollar, and that’s why mid-terms are important. Pollsters expect the House to go to the Democrats, which reduce chances of fresh stimulus, raise chances of debt ceiling grid-lock and probably be slightly dollar negative.” “A Red Wave of a Republican hold in Congress is unexpected and would probably be dollar bullish.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Bears taking back charge, eyes 1.1350 ahead of US ISM FX Street 4 years In view of analysts at ING, Tuesday's US mid-term elections will have a major say over where the dollar trades for the rest of the year. Key Quotes "Long dollar/short EM positioning is vulnerable going into this election risk given that in the background we now have the (albeit small) prospect of Presidents Trump and Xi striking a trade deal later in November. But the dollar hasn't rallied this year purely on trade friction." "The fiscal/monetary mix has had a big say in the dollar, and that's why mid-terms are important. Pollsters expect the House to go to the Democrats,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
