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U.S. DOLLAR'S PERFORMANCE LINKED TO PRESIDENTIAL ELECTION -- MARKET TALK
4 November 2016, 16:26
1626 GMT The U.S. dollar could see increased volatility around next week's presidential election, says Neil Wilson, markets analyst at ETX Capital in London. "The fact is that the dollar is now firmly pegged to the outcome of the U.S. election and traders are waiting for that result before making big bets on what the Fed will do, " Mr. Wilson says. "If markets react badly to the election, the Fed could easily be blown off its course." The Federal Open Market Committee on Wednesday decided to leave interest rates unchanged, but sent signals that it could raise them at the next meeting in December. (Nina.Trentmann@wsj.com, @Nina_Trentmann)
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(END) Dow Jones Newswires
November 04, 2016 12:26 ET (16:26 GMT)
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