Trump's Weaker Dollar Arrives on Cue to Help Biden
The president was aggrieved by the currency’s post-2018 upswing. Its slide will help U.S. exporters and emerging markets.
All eyes on Georgia.
Photographer: Elijah Nouvelage/Bloomberg
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Like many people, I have Georgia on my mind at the time of writing. The big set piece that we could see coming years ago, the November Federal Open Market Committee meeting, came and went with almost no market reaction. Instead, the U.S. election, and the growing probability that Georgia of all places will deliver the presidency to Joe Biden, has dominated discussion throughout the day. Just like the last election, it has prompted a surge in risk assets, as there is relief that the election is over — even though, just as in 2016, the policy that will likely result is very different from what had been expected.