USD: Midterm elections will be held at lunch

There are a number of data releases to look out for over the course of this week however the big event markets will be keeping a close eye on today is the US midterm elections.

The Democrats are set to face a tough battle in dealing with recent economic headwinds.  Record high inflation and growing fears of recession are on the cards, however Joe Biden warns that there could be more at stake if republicans take over.

Later this week markets will see US core inflation data.

For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.

 

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