The 101,000
The the U.S. election race goes to the finish line. This is happening in the context of serious problems in the country’s economy caused by the coronavirus pandemic. have always been the focus of the world’s attention, because the country’s impact on the world economy is hard to overestident. But this year the attitude to this event is even more serious. In any outcome of the us president’s election campaign, it is clear that the global economy will experience its consequences. 101,000 According to the latest polls, Biden is still the front-leader in the race. As I can see, Donald Trump has already lost his “fighting spirit” and is willing to admit defeat. Although, perhaps, I am wrong, and the situation will change dramatically in the near future.
US dollar
Pandemic coronavirus put pressure on the US dollar. And large-scale financial support measures from the authorities have further strengthened it. The value of the U.S. currency has been falling for several months. At the end of August, the dollar index fell to its lowest level in more than two years. It’s hard to predict how the dollar will behave after the U.S. election. While it can be assumed that in the event of a Trump victory, the trend of weakening the dollar will continue. Donald Trump has said since the beginning of his presidency that he is a supporter of a weak dollar and low interest rates. Well, if the polls turn out to be correct and the presidency gets Biden, we can expect the current trend to change to the opposite.
Europe
Many observers note that as the US elections approach, anxiety among European politicians and investors is growing. European countries traditionally have quite strong economic ties with the United States. Almost 14% of all euro area exports come from the United States. So Europe cares about who will become the next American president. Relations with Trump in Brussels did not work out. Added issues. And if he wins, positive changes in relations are unlikely, but there will be no deterioration. And if Biden wins, it is likely that the dollar will be able to strengthen its position against the European currency. Generally experts do not expect significant fluctuations in the European stock market. If that happens, it will be after the U.S. election is over.
Business
As the results of the survey showed, most small businesses are neutral in electing an American president. They are busy surviving during the coronavirus crisis. American small business is waiting for the issue of additional state support to be ed. So far, there is uncertainty about the new incentive package. Seap in the United states, of course, they will have an impact on the business situation. If Trump cuts taxes, Biden promises to raise them. As history shows, markets are starting to react actively to the election campaign a week before the election. And if it is clear that there will be a change in the ruling party in the United States, the volatility can be very high. And we, the entrepreneur, have to take that into account. 10.10.2020 Inga Fedorova Record How the U.S. Election May Affect the World Economy First Appeared Magazine for Forex Traders forex-for-you.ru.