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Dollar weaker ahead of the U.S. Presidential Election

Weekly synopsis

The dollar weakened versus its main counterparts last week, amid the investors and the traders awaiting the U.S. Presidential Election, whereas paying little attention to the nation's strong employment report.

U.S. dollar index weaker to 96.94

The U.S. dollar index traded to 96.94, sliding 0.26%. The U.S. Presidential Election polls resume indicating uncertainty on the final outcome.

The USD/CHF traded to 0.9680, declining 0.59%, and the USD/JPY traded to 103.08, 0.11% higher. The EUR/USD traded at 1.1139, appreciating 0.32%.

Furthermore, the U.S. economy introduced, for the month of October, 161,00 jobs, upon the rate of unemployment having dropped from 5% to 4.9%.

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Monday, 07 Nov, 2016 / 8:24

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Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/dollar-weaker-ahead-of-the-u.s.-presidential-election

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