The dollar is stronger this morning, benefitting from its safe-haven status ahead of the US election tomorrow. More lockdowns across Europe have given the greenback a boost.
There’s a last-minute push for votes today ahead of the election tomorrow. Joe Biden still leads in the polls, but the race is tight in key swing states. It’s thought that there could be a delayed result due to the large number of mail-in votes. This scenario is likely to benefit the dollar.
The FOMC meeting and non-farm payrolls are also due this week, but election news is likely to have the biggest impact in the markets.
The US election is just a day away and we could see significant currency fluctuations on the night. Read our handy election guide and ensure that your transfers are protected from movements in the currency market.
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