- Hillary and Trump have first live TV debate
- US polls suggest Clinton took the lead in the debate
- US Dollar volatility
- Impact of a Clinton VS Trump victory on exchange rates
Hillary took on Trump in the first live TV debate for the race to the White house during the early hours of this morning. With much of the focus on politics it came as little surprise to see both candidates launch attacks on each others’ character.
Clinton accused Trump of tax avoiding, which he did not deny, and mocked his conspiracy theories about global warming and Barack Obama’s place of birth. Whilst Trump reiterated his points towards Clinton’s stamina as president, and her email scandals which were more recently exposed amongst many media outlets.
According to the US polls, those that tuned in to the broadcast went away with the opinion that Clinton won the debate. In any event, US volatility was high during and after the debate, a glimpse of what is yet to come in the weeks ahead.
Hillary or Trump victory?
With the polls narrowing on the news of Clinton’s recent illness, this year’s Presidential election may be a close one to call. Similar parallels can be drawn from the UK’s Referendum this year, with polls not always truly indicative of final results.
That being said, a Hillary victory could arguably be better for the US economy. Whilst many criticise her political career she does remain a level headed, politically-knowledgable candidate. In contrast Trump has some knowledge of business and thus economics, but lacks a huge amount of political scope.
There is of course, the added dimension to a Trump victory. Trump has upset a number of global leaders and politicians, ethnic minorities, nations (notably China and Mexico) and therefore could make the US Dollar less attractive for investment. With the above in mind, a Trump victory could have negative consequences for the US Dollar and any signs of a Trump victory, similarly to the Brexit vote, could result in a slump in the Dollar’s value.
With only 2 months to go, and with polls ever-tightening, the US Dollar could find itself under enormous pressure as we approach October and into November.