Dollar Weakens Ahead of Uncertain US Presidential Election
As the U.S. presidential election approaches, the dollar is experiencing significant fluctuations, marked by a notable decline. Recent polls showing Kamala Harris gaining ground against Donald Trump have raised concerns among investors, leading to a retreat in the dollar as bets on a Trump victory wane. Treasury yields have also fallen as traders brace for a potentially tight race, suggesting a cautious market sentiment. Amidst the uncertainty, stock markets are holding steady, while the bond market sees a rally. Analysts are closely monitoring the situation as the election results are poised to impact market dynamics significantly.
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