Top Forecaster Sees Dollar Gain With Either Trump or Clinton
- Julius Baer, Rand Merchant Bank top Bloomberg accuracy list
- Number three, ABN Amro sees weaker greenback on Trump victory
Belski: Some Sort of Correction Likely in a Trump Win
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For the world’s top currency forecaster, the dollar is a buy whatever the outcome of the U.S. presidential election.
A Donald Trump victory would fuel greenback strength because his protectionist trade policies would drive it higher against emerging-market currencies, according to Julius Baer Group Ltd., which topped Bloomberg’s overall accuracy rankings for a second consecutive quarter. A win for Hillary Clinton would strengthen the dollar versus the yen as she would likely maintain the status quo and investors’ focus would return to the chances for a Federal Reserve interest-rate increase, according to the Zurich-based bank.