• MTS Economic News_20161108

    8 Nov 2016 | Economic News

 

Dollar strengthens as election seen swinging toward Clinton

The dollar rose on Monday after the FBI decided that U.S. Democratic presidential nominee Hillary Clinton will not face criminal charges, which was seen as a boost to her chances of winning Tuesday's contest with Republican rival Donald Trump.

The greenback gained 0.75 percent against a basket of currencies .DXY after getting hammered last week when FBI Director James Comey said the agency was looking at another large batch of Clinton emails, strengthening chances of a Trump victory, an outcome that was seen as likely to send shock waves through financial markets.

The dollar rose 1.4 percent to 104.58 yen JPY=. It declined to 102.550 against the safe-haven Japanese currency last week as polls showed the U.S. presidential race tightening.

Clinton leads Trump 2.9 percentage point before the Election.

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Jump in Florida, Nevada early voting could reap Latino gains for Clinton

The man answering a volunteer's knock on the door in the Kendall section of Miami-Dade County on Saturday was emphatic: Not only would he vote but “esperamos que la presidenta gane" - Spanish for "we hope Madam President wins."

Volunteers across Florida made a last-minute push to get voters to the polls this weekend with early voting ending on Sunday ahead of Election Day on Tuesday, pitting Republican Donald Trump against Democrat Hillary Clinton, or "la presidenta," as the man at the door called her.

In Florida, the Clinton campaign estimates early Latino voting is up 139 percent, or more than twice as much, compared to 2012, according to a field report dated Wednesday.


U.S. oil prices steady ahead of election, but oversupply still weighs

Oil prices were stable early on Tuesday after posting strong gains the previous day, with investors piling money into financial markets in expectation that Democrat Hillary Clinton would win the U.S. presidential election.

U.S. West Texas Intermediate (WTI) crude futures were down 1 cent at $44.88 per barrel at 0038 GMT. The contract had gained almost 1.9 percent the previous session on polls putting Clinton ahead of her Republican competitor Donald Trump for Tuesday's election.


Reference: Reuters, Real Clear Politics


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