Goldman Sachs: Probability of a meaningful USD rise in a Clinton win scenario is rising

Analysts at Goldman Sachs published a latest note on the USD outlook in wake of Wednesday’s US elections.

Key Quotes via eFX:

“The Dollar has fallen sharply over the past week, as polls have tightened into the upcoming election.”

“On a trade-weighted basis versus the majors, the greenback is down more than one percent, a number that understates the decline because the fall in oil prices has weighed on the Canadian Dollar, which has a large weight in our Dollar index.”

“While near-term focus in the market is on potential further declines in the Dollar in the event of a Trump victory, the likelihood of a meaningful Dollar rise in a Clinton win scenario is rising.”

“In particular, based on the make-up of the Dollar sell-off over the past 10 days, we think the greenback could recover the most ground against the Euro and the Yen.”

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