Market volatility increases ahead of US elections

This week, the attention of global markets will be focused on decisive developments. On the night of Tuesday to Wednesday it will become known who will become the new President of the United States.

Two days later, on Thursday, October 7, the Fed will make a decision on interest rates in the new political environment. Also on the same day we expect an update on rates in England from the Bank of England.

Particularly high volatility is observed in the foreign exchange market, US Treasury yields and US stock indices. Today, the dollar index fell 0.60% as Democratic presidential candidate Kamala Harris’s increased likelihood of victory.

Just ahead of the US election results, the market will focus on final PMI data for the services sector, which will be released on Tuesday.

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