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Dollar set to explode higher if Trump wins? EUR/USD edging lower just now

There can be little doubt at this stage; that if Donald Trump reclaims the White House on November 5 there will be serious doubts on the prospect of the lowering rates just a couple of days later. Right now though the consensus across the markets is for the Fed to lower rates by 0.25% on November 7. That is by no means a certain outcome though and of course the race to win the White House is just too close to call. That said, BTC seems to think it knows the outcome already today. The point here is; if Trump wins he has vowed to lower corporate tax to 15% from the current level of 21%. That in itself is inflationary as is his vow to slap massive trade tariffs on the rest of the world. The thing about Trump, whether you like him or not, is he has a clear reputation for doing what he says he will. So, can the Fed lower rates again in the face of such a prospect? Well, surely that is doubtful and that is seemingly the key for the US dollar and in that respect for the EUR/USD too. Incidentally, the Euro is just now slipping to fresh session lows at 1.0803- coincidence? 
 

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