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Nov 03 - 09:55 AM

USD: US Elections FX Trading Game Plan - Citi

By eFXdata  —  Nov 03 - 08:49 AM

Citi summarizes its expectations for FX market reaction to today's US elections.

"CitiFX Strategy reviews the US Election 'FX Trading Game Plan...Under a Blue Wave, EURUSD is likely to trade higher, but under a “gridlock” outcome, USDCAD higher is likely," Citi notes.

"Should President Trump win and maintain the status quo, risk will trade better with USDJPY likely to rally, meanwhile under a contested election scenario, AUDJPY is likely to suffer most," Citi adds. 

Source:
Citi Research/Market Commentary

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