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    • Here are the different ways a US dollar indicator could respond to the outcome of the election
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    Here are the different ways a US dollar indicator could respond to the outcome of the election

    Online Niel Posted on

    The ICE US dollar index has the potential to trade either above 107 or below 100 depending on the results of Tuesday’s presidential election, according to Societe Generale strategist Kit Juckes.

    In a note, Juckes described a potential victory by Vice President Kamala Harris without a clean sweep of Congress as “unfriendly to the dollar.” Meanwhile, “the dollar likes the idea of ​​(former) President Trump’s fiscal plans,” which include tax cuts, he said.

    “The best guess is that we trade at 100 or 107 if we get a clear result fairly quickly,” Juckes said. The chart below shows how the index has performed over the past six months.

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