US Dollar falters after US presidential election polls shift towar
The US Dollar drops after Ipsos polls show Vice President Kamala Harris taking the lead as the US presidential election looms.
Traders gear up for a very volatile week, with the Fed meeting and the US presidential election as the main drivers.
The US Dollar index slides below 104.00 and is looking for support.
The US Dollar (USD) slides on Monday, opening weaker across the board in Asia, after a final poll publication from ABC News and Ipsos showed Vice President Kamala Harris leading by 49% against 46% for former President Donald Trump. Another element for more US Dollar weakness comes from The New York Times, which released data pointing that Harris is ahead in five of the seven swing states that will determine the outcome of the US presidential election.
The US economic calendar, meanwhile, needs to be considered as well with a very interesting element ahead this Monday: the Senior Loan Officer Opinion Survey (SLOOS) for the third quarter. The report will tell more on the conditions, supply and demand of loans extended to customers in the US. Loan distribution is a very good leading indicator to sketch how the economy will evolve in the coming weeks and months.
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