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

Head of Trading APAC at OANDA
Stephen has over 25 years of experience in the financial markets and currently based in Singapore as the Head of Trading Asia Pacific with OANDA. Stephen's market views focus on the movement of G-10 and ASEAN Currencies. His views appear in Bloomberg, CNBC.Reuters, New York Times WSJ and the Economist. His media appearances include Bloomberg TV & Radio, BBC International, Sky TV, Channel News Asia, ASTRO AWANI and BFM Malaysia. Stephen has an extensive trading experience in Spot and Forward FX, Currency and Interest Rate Futures, Money Market Derivatives and Precious Metals. Before joining OANDA, he worked with organisations like Nat West, Chemical Bank, Garvin Guy Butler, and Sumitomo Mitsui Banking Corporation. Stephen was born in Glasgow, Scotland, and holds a Degree in Economics from the University of Western Ontario.
Stephen Innes