The US election: What’s at stake for the economy and markets?
EUR/USD — All Desk Targets
| Firm | Stance | YE 2027 |
|---|---|---|
Goldman Sachs | Bearish | 1.1200 |
UOB | Neutral | 1.1450 |
Citi | Bearish | 1.1000 |
From the original
Economy The US election: What’s at stake for the economy and markets? Jan von Gerich 18-10-2024 An interesting US presidential election is drawing closer. While the result may not end up changing the medium-term outlook for the US economy significantly, the risks are real on many
Related speeches
4 itemsHow should I be positioned? with Ron Temple (Lazard Asset Management) and Jason Draho (UBS CIO)
The desk anticipates a period of heightened volatility in the FX markets leading up to the pivotal US election, influenced significantly by investor sentiment surrounding monetary policy and economic indicators. Per the full note [source], the discussion focuses on how potential election outcomes could shape monetary policies, with particular attention on the prevailing economic climate in the US. With uncertainty surrounding the election outcomes, the need for strategic positioning is critical. The lingering effects of recent economic data could lend support for navigating these turbulent waters effectively.
Top of the Morning: Election Watch - Unified government at a crossroads
As the U.S. midterm elections approach, uncertainty remains high with varying potential outcomes that could shift both policy and market dynamics significantly. Per the full note from UBS, analysts Kurt Reiman and Shane Lieberman discuss the implications of these elections, particularly in the context of the recent U.S.-China summit and ongoing geopolitical tensions, including the U.S.-Iran conflict. Market participants should keep an eye on how these factors interplay with currency trends as investors prepare for potential shifts in government stance. The desk anticipates that electoral outcomes may create volatility in safe-haven currencies, depending on the results announced on Election Day.
More from NORDEA INSIGHTS
5 items- NORDEA INSIGHTS
How trade polarisation is reshaping global commerce
- NORDEA INSIGHTS
CIP acquires Ørsted renewable energy platform in a EUR 1.4bn deal with Nordea providing funding
- NORDEA INSIGHTS
Financing the next generation of energy
- NORDEA INSIGHTS
Weaponised currencies and FX fragmentation: What treasurers should do