The Manila Times on Nostr: Global broker Octa explains the reasons for lower US dollar after the U.S. ...
Global broker Octa explains the reasons for lower US dollar after the U.S. presidential debate
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The U.S. Dollar Index (DXY) dropped below 101.40 after the first debate between Vice-President Kamala Harris and former President Donald Trump on October 15, 2024; Harris is currently leading in polls with a 5-point advantage (47% vs. 42%); market reactions indicate a shift from 'Trump trades' to 'Harris trades', particularly in renewable energy stocks; Invesco Solar ETF rose 5% and First Solar Inc. shares increased by over 15%; USDCNH forex pair fell below 7.11, indicating reduced tariff concerns; CBOE Volatility Index was around 20 before the debate, higher than the 2024 average of 14.8; macroeconomic factors like inflation and labor market reports are more influential than election news; Octa has been providing online trading services since 2011 and has over 52 million trading accounts.
#UsDollar #KamalaHarris #DonaldTrump #Octa #FinancialMarkets #PresidentialDebate #Trading #Investments #Polls #RenewableEnergy
https://www.manilatimes.net/2024/10/21/tmt-newswire/media-outreach-newswire/global-broker-octa-explains-the-reasons-for-lower-us-dollar-after-the-us-presidential-debate/1987892
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The U.S. Dollar Index (DXY) dropped below 101.40 after the first debate between Vice-President Kamala Harris and former President Donald Trump on October 15, 2024; Harris is currently leading in polls with a 5-point advantage (47% vs. 42%); market reactions indicate a shift from 'Trump trades' to 'Harris trades', particularly in renewable energy stocks; Invesco Solar ETF rose 5% and First Solar Inc. shares increased by over 15%; USDCNH forex pair fell below 7.11, indicating reduced tariff concerns; CBOE Volatility Index was around 20 before the debate, higher than the 2024 average of 14.8; macroeconomic factors like inflation and labor market reports are more influential than election news; Octa has been providing online trading services since 2011 and has over 52 million trading accounts.
#UsDollar #KamalaHarris #DonaldTrump #Octa #FinancialMarkets #PresidentialDebate #Trading #Investments #Polls #RenewableEnergy
https://www.manilatimes.net/2024/10/21/tmt-newswire/media-outreach-newswire/global-broker-octa-explains-the-reasons-for-lower-us-dollar-after-the-us-presidential-debate/1987892