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Dutch Cooperative Bank: US Presidential Election is Crucial for the Outlook of the US Dollar
Jinshi Data News on September 17th, ING Bank stated that the U.S. presidential election in November will play a crucial role in the trend of the US dollar at the end of 2024 and the beginning of the year. If Trump is re-elected as president, inflation may be higher. The looser fiscal conditions indicate that the Fed's loose cycle may suddenly stop next year. If Harris wins the election, it will allow a longer series of rate cuts, which means that the trend of the US dollar will be softer than when Trump is president.