Currencies: End to Election Brings No Support for Dollar
After five weeks of a weakening dollar being blamed on the presidential race, the end to the election has brought no support for the U.S. currency.
Political certainty was expected to strengthen both the equity markets and the currency markets, but
"The anticipatory nature of the markets suggests the news was already discounted...especially in the foreign exchange market," the Mellon Global FX News and Views report wrote this morning.
The dollar was weaker versus most major currencies prior to the morning's Account Deficit report. There was little change in currency values after the report was released.This morning's report reflected the belief that inflation is not a worry right now. The November
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