Top Currency Traders Warn White House Race May Echo Brexit Chaos

16 May 2016, 10:01
Francis Dogbe
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Traders wanting to know what November’s U.S. presidential election will mean for the dollar need look no further than the U.K. The pound plunged to a seven-year low and volatility soared, exceeding all other Group-of-10 nations, on risks created by a referendum on European Union membership. Given the tough talk on dollar strength from candidates vying for the White House, the greenback is just as vulnerable to politics, according to Deutsche Bank AG, JP Morgan Chase & Co. and Standard Bank Group Ltd. Republicans and Democrats have each accused China of purposely weakening its currency to gain a trade advantage, reflecting voter ... READ MORE
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