EM Asia Election Jitters

  Still, the dollar's upside is expected to be contained by
worries over the tightening U.S. presidential race, analysts and
traders said. Just days out to the Nov. 8 vote, Democrat Hillary
Clinton's lead over Republican Donald Trump in the polls has
appeared to dwindle after the re-emergence of a controversy over
her private email server. 
    "We are mired in a classic market reaction that is driven by
fear and uncertainty," said Stephen Innes, senior FX trader for
FX broker OANDA in a note.
    "The current climate with extraordinary political risk is
not for the faint at heart and finding prudent investment
opportunities in currency markets may prove challenging as
everyone is interpreting some element of the ticker tape
differently."
    Anxiety over a possible victory for Trump has rattled
investors over the past week, as there is great uncertainty on
his stance around trade, foreign policy and immigration. By
contrast, Clinton is seen as the status quo candidate by
markets.

Reuters 

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Stephen Innes

Stephen Innes

Senior Currency Trader and Analyst at OANDA
Stephen has over 25 years of experience in the financial markets and specializes in Asian currencies at OANDA. After having started his trading career with NatWest Bank, he is currently based in Singapore as a Senior Currency Trader and Analyst with OANDA, focusing on the movement of the Aussie Dollar and ASEAN Currencies. Stephen has an extensive trading experience in Interest Rate Futures, Money Markets and Precious Metals. Prior to joining OANDA, he worked with organizations like Cambridge Mercantile, Nat West, Garvin Guy Butler, Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes
Stephen Innes

Latest posts by Stephen Innes (see all)