empty
 
 
27.10.2020 02:35 PM
USD on defensive ahead of presidential election

EUR/USD showed a 0.1% uptick to trade at 1.1820. USD/JPY is trading mainly flat today hovering at near 104.80. Likewise, USD/CNY is trading firmly at 6.7110.

The upcoming election is making its impact on Forex. The crucial event is around the corner. No wonder, investors want to play safe, so popular currency pairs are trading sideways with ranges getting narrower. On the final week before the election, Democratic nominee Joe Biden is taking the lead in the latest polls, though with a small margin. Joe Biden has less tough stance on China than Donald Trump. Analysts at Nordea reckon that traders will lock in profits on USD/CNY.

GBP/USD is also trading sideways today at near 1.3023.

The Turkish lira is extending weakness. Today USD/TRY rose 0.7% and settled up at 8.1309. Analysts warn that the lira is set to plumb new depths, staying above 8.0 against the US dollar for long. Meanwhile, the Turkish regulator unveiled the plans to safeguard its national currency from a nosedive.

Today the US dollar could find support from a survey by the Conference Board. According to flash estimates, the consumer confidence index in the US is expected to grow to 102 points in October from 101.8 in September.

Andreeva Natalya,
Experto analítico de InstaForex
© 2007-2024
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback