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DXY: Trump sending the dollar towards 97 and Sep highs

DXY is up towards the 97 handle having rallied from 96.46 lows and eyes the recent 97.11 highs.

DXY has been in a positive environment this month and just one month away from the U.S. elections scheduled for November 8th while the markets are pricing in a Clinton victory since the debates started and have been leaning towards Clinton's campaign while Trump's demeanor and lack of conviction.

"The consensus opinion in the financial press is that Donald Trump performed better than in the first debate, but that may still not prove enough to turn around his campaign to become President following a weekend of “unprecedented crisis” which included a number of top Republicans withdrawing their support," explained analysts at Bank of Tokyo Mitsubishi, "Donald Trump is facing an even greater challenge to convince the public that he has the character and fitness to become President."

 

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