The back-to-back race between Harris and Trump weakened the dollar
reported by Mehr Reporter quoted by Reuters, in today’s transactions of the global currency market, the value of the dollar decreased against the basket of reference currencies.
One of the reasons for the decline in the value of the dollar was the vague forecast of the elections in the United States, because the Harris, the Democratic candidate, and Donald Trump, the Republican candidate, are running shoulder-to-shoulder in the polls and early results, making it difficult to speculate on the victory of either candidate. has done.
The reason for the dollar’s fear of Trump’s victory is his promised plans, which based on his immigration policies, tax cuts and import tariffs will increase downward pressure on the dollar.
Experts look at Harris as a continuation of the current trend in the White House and the American economy.
Accordingly, in today’s transactions, the dollar value index, which shows its value against a basket of reference currencies including the euro and yen, decreased by 0.3% and reached 103.6 points. .
During these transactions, the value of the dollar against the euro decreased by 0.6% and reached $1.09 per euro unit. The dollar also fell by 0.6% against the yen and fell by 0.5% against the Chinese yuan.
