How To Trade US Elections: 'A Trump Victory Is Likely To Lead To A Stronger Dollar'
Portfolio Pulse from Piero Cingari
The upcoming U.S. elections in November 2024 are expected to be a significant risk event for asset markets. Goldman Sachs outlines potential impacts on equities, yields, and the US Dollar (USD) based on different election outcomes. A Trump victory is likely to lead to a stronger USD, with the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) expected to see a 3.6% increase. The first presidential debate on June 27 is anticipated to be a key market-moving event.
May 29, 2024 | 4:33 pm
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The Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) is expected to see a 3.6% increase if Trump wins the 2024 U.S. elections, driven by a stronger USD due to tariff risks.
Goldman Sachs predicts a stronger USD in the event of a Trump victory, primarily due to responses to tariff risks. This is expected to boost the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP) by 3.6%.
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