Skip to main content
RSS Feed

Articles tagged by USD drop

Volumes High, Spreads Holding Up as US Election Uncertainty Grows Sources are reporting “very high” volumes in FX markets as uncertainty over the outcome of the US election increases. With some polls still open in the US the financial markets have swung 180 degrees from expectations of a Hilary Clinton victory towards “too close to call” and in some cases a Donald Trump win. The growing shock of the pollsters once again getting it wrong has seen USD/MXN – the benchmark for the election as far as FX markets are concerned, sky-rocketing almost 12% from 18.30 to 20.48. The impact has been felt elsewhere with USD/JPY dropping sharply from above 105.50 to 101.50 and EUR/USD rising from 1.10 to 1.1231.