Economics
Top Currency Traders Warn White House Race May Echo Brexit Chaos
- Campaign trail rhetoric foreshadows dollar volatility ahead
- Policies on trade, currency manipulation may weaken greenback
Brexit: The Big Risk That Has Global Implications
This article is for subscribers only.
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, JPMorgan Chase & Co. and Standard Bank Group Ltd.