We're heading into a full week (or 5 sessions) of trading following the U.S. election, the results favoring President Trump and a republican senate have been filtering into currency prices. We're yet to see if the House is taken by the Republican Party, which is likely to support bullish dollar views further.
Since the Tuesday results, the dollar has traded higher, our measure of the dollar is rebounding on Monday session. However, we're noting a few exceptions to dollar strength below.
The most hit currencies are found in the EMEA space, the euro is following the weakness down 2.6% since the election. Euro parity option activity and analyst desk chatter has increased since Wednesday AsiaPac session. A proxy for U.S. Trump odds, the Mexican peso, is recording losses, but these have remained relatively contained.
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