Comments by Trump as he reportedly spoke to CBN news
- 'I think we're going to do well on the House'
Expect the focus on markets to shift more and more towards the US midterms now and the risks are already beginning to show up with the dollar being crushed as traders are offloading the greenback ahead of the potential risk to come from tomorrow's jobs report as well.
Typically, the POTUS' party tends to lose some seats during the midterms but whether or not Republicans can hold on to the majority for the House is still a tough one to call. Either way, it presents some near-term risks for the dollar and equities but I would expect those risks to fade away quickly once the election fever clears.
