Dollar firm as markets grapple with US politics

(Image: Getty)

Mon, 15 Jul 2024

US bond futures slipped, and the dollar firmed on Monday as investors wagered the attack on US presidential candidate Donald Trump, making his victory more likely while injecting a whole new level of political uncertainty into markets.A holiday in Japan made for thin trading conditions and the early action was confined to a modest rise in the dollar while Treasury futures slipped.Investors have tended to react to the prospect of a Trump win by pushing Treasury yields higher, in part on the assumption his economic policies would add to inflation...

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