UBS on the likely direction of USD depending on who wins the US election

There are plenty of moving parts with not just the Presidency up for grabs but also potentially the House and Senate.

If the Republicans take all three:

• USD to weaken against the EUR, but more slowly

If the Democrats win all three:

• The USD is to weaken more quickly

A mixed result will still see the USD weaken. Most of the UBS report is on Euro assets, just picking out the snippet on the US dollar.