Currencies

Dollar Edges Higher as Debate Lifts Bets on Trump Election Win

Markets extrapolated debate to November election outcome: CBA
Asian stock sentiment upbeat amid lack of anti-China rhetoric

US President Joe Biden and former US President Donald Trump during the first presidential debate in Atlanta.Photographer: Eva Marie Uzcategui/Bloomberg

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By Matthew Burgess and John Cheng

June 28, 2024 at 2:36 AM UTC

Updated on

June 28, 2024 at 4:13 AM UTC

This article is for subscribers only.

The dollar inched higher in Asian trading as markets assessed former president Donald Trump was the victor in the first US presidential debate.

Bloomberg’s gauge of the US currency climbed as much as 0.2% on Friday before the move pared, with the index on track for a sixth straight weekly gain. President Joe Biden stumbled through early exchanges in the debate, a performance that may intensify worries about his ability to defeat Trump in the November election.