MUFG: Dollar could appreciate if Trump wins

Odaily News Derek Halpenny, an analyst at MUFG, said that if Republican candidate Trump wins the US presidential election on November 5, the dollar and US stocks may rise, at least initially. Trump said in an interview with the media last week that there is a higher risk that he will raise tariffs faster than during his first presidency. However, the dollar's nearly 4% gain in October suggests that this has been digested and may limit the dollar's gains. If Trump wins, the euro may fall below 1.0500 against the dollar, but it will still be above parity. (Jinshi)