Rabobank: US presidential election crucial to dollar outlook

Rabobank said the U.S. presidential election in November will play a key role in the dollar's performance in late 2024 and early 2021. If Trump is elected president, inflation is likely to be higher. Looser fiscal conditions suggest that the Fed's easing cycle may come to an abrupt halt next year. If Harris wins the election, it will allow for a longer series of rate cuts, which means the dollar will be weaker than if Trump is president. (Jinshi)