In the Oct 27-Nov 2 Reuters poll, nearly 70% of analysts, or 29 of 42, said net short dollar positions would either stay the same or rise further immediately after the election. Only 13 said they would ease off.
BENGALURU: Bets against the U.S. dollar were expected to linger or even increase in the immediate aftermath of the Nov. 3 presidential election, despite jitters in the run-up along with surging coronavirus cases, a Reuters poll showed.
After trading within tight ranges for much of October, the greenback rose to a four-week high on Friday on fears the election results will be contested in the courts, along with economic damage from renewed lockdowns in Europe.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
