The Traderszone Network

Published in TZ Latest News 6 November, 2016 by The TZ Newswire Staff

Goldman Sachs on the trade for the USD into the election

In brief, Goldman Sachs say the likelihood of a meaningful Dollar rise in a Clinton win scenario is rising
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The Dollar has fallen sharply over the past week, as polls have tightened into the upcoming election. On a trade-weighted basis versus the majors, the greenback is down more than one percent, a number that understates the decline because the fall in oil prices has weighed on the Canadian Dollar, which has a large weight in our Dollar index.