Credit Agricole on tonight's debate:
Investors wait on the outcome of the US Presidential debate, which will be live during Asian trading.
Increased protectionist rhetoric by either Presidential candidate would be a concern for investors and if Trump were to perform well and improve his standing in the polls, we think that it would weigh on the USD against the EUR and JPY, but see it outperform commodity currencies as investor concerns about trade wars would rise. As such caution remains warranted as when it comes to risk
...While pre-election jitters could hurt USD, we expect a Hillary Clinton win in November and a Fed hike in December. We therefore expect some renewed USD strength in the next three to six months.
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