For all the forecasts about dollar weakness, history shows that the greenback is poised to appreciate after November’s presidential election -- regardless of who wins.
The dollar strengthened in the 100 trading days after nine of the past 10 elections from 1980 to 2016, according to Richard Falkenhall, a senior foreign-exchange strategist at SEB AB in Stockholm. The currency performed better following Democratic wins, rising an average 4% after these votes versus about 2% when Republicans prevailed, he said, noting that the 1984 and 2008 votes were excluded from this calculation due to outsized drivers beyond the election.
The findings “suggest that Joe Biden being elected for president would be the best possible outcome” for the dollar, he wrote in a note Monday. “It would then be a Democrat candidate winning his first term, both being positive factors for the USD in the past.”
https://finance.yahoo.com/news/elections-good-dollar-especially-democrats-100000142.html
