Deutsche Bank Sees Dollar Up in Trump Sweep, Down in Harris One
- Trump with allied Congress expected to push bond yields higher
- Democrats would ease trade tensions, bolster other currencies
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The US dollar will get a major boost if Donald Trump wins the US presidential election and a Republican sweep gives his party control of Congress, according to Deutsche Bank.
Such an outcome would likely push bond yields higher by promising to sweep in tariffs and fiscal stimulus in the form of tax cuts. The result, strategists lead by George Saravelos said, would push up the dollar. In such a case, they recommended buying it against the euro, Mexican peso and South Korean won.