Time to Prepare Portfolios for a Trump Victory?
The dollar slid for a second day against the yen before the Federal Reserve announces an interest-rate decision on Wednesday and as the U.S. presidential race tightens before next week’s vote. Bloomberg Dollar Spot Index fell for a fourth day amid wagers that Fed policy makers will emphasize that the path of future interest-rate increases will be gradual, even as they keep open the door to a December rate hike. An ABC News/Washington Post tracking poll showed Republican candidate Donald Trump ahead of Democrat Hillary Clinton for the first time since May, leading to gains in haven currencies such as the yen and Swiss franc, while Mexico’s peso weakened. London & Capital Investment Director Ashok Shah discusses with Guy Johnson in London and Caroline Hyde in Berlin on "Bloomberg Markets: European Open."