Is Market Weakness More About the Fed than Trump?
The dollar will plunge toward the weakest since 2013 against the yen in the wake of an election victory for Donald Trump, the most-accurate currency forecasters say. Within 24 hours, the greenback will drop to 100 yen or lower if Trump is voted president, according to the majority of the top 10 foreign-exchange analysts in Bloomberg’s third-quarter rankings. If Hillary Clinton wins, they see an advance. The dollar surged 1.1 percent to 104.25 yen as of 1:29 p.m. in Tokyo on Monday after the Federal Bureau of Investigation said it maintains the view Clinton’s handling of her e-mails wasn’t a crime. BNP Paribas Investment Strategist Daniel Morris discusses with Anna Edwards and Yousef Gamal El-Din on "Bloomberg Daybreak: Europe."