US Election Day

The USD remains supported as the US go to the polls today to elect the 45th President as Hillary Clinton holds a narrow lead in the opinion polls. It is the general consensus that a Clinton win would provide continuity in fiscal and monetary policies and therefore it is highly likely that the Federal Reserve would hike interest rates at their next meeting in December following a Clinton win. On the other hand it is suggested a Trump win would result in uncertainty which could result in a weaker USD.

The USD currently trades at:

GBP/USD 1.2415, EUR/USD 1.1046, USD/CHF 0.9746, USD/JPY 104.43.