Trump vs. Harris: election effects on currency and crypto
Should we conclude that Democrats are ‘bearish for the dollar’?
And the answer is, again, no! A study by Imperial College Business School analysing data over a 40-year period shows that the US dollar appreciated by an average of 4.15% per year during Democratic presidential cycles and depreciated by 1.25% per year on average during Republican cycles.
In conclusion, it is still unwise to base investment strategies solely on the colour of the political candidate that wins the election. The emergence of certain economic crises or geopolitical events shapes the dollar’s trajectory, as well as the behaviour of the Federal Reserve in response to these events. It is clearly more judicious to rely on the observation and analysis of these…
