If Harris wins the US election, it may be beneficial to USD shorts.

The Jinshi data news on September 19th, after the Federal Reserve kicked off a loosening cycle with a 50 basis point rate cut, the forex market is turning its attention to the November US presidential election to find clues to the Fed's dovish policy stance in 2025. If Harris wins the election on November 5th, the risk of a deeper and longer-lasting rate cut cycle next year will increase, which may be unfavorable to the dollar, as the market believes that if Harris takes office in January instead of Trump, US inflation may cool down.

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