How the 2024 US elections could impact the DXY and Indian markets
DXY is significantly influenced by the economic and fiscal policies proposed by the U.S. administration.
With Donald Trump and Kamala Harris outlining distinct policy paths, the DXY could experience notable fluctuations, which in turn would directly affect the Indian rupee and stock markets.
A Bearish Outlook for the DXY?
Histrorical view –
Historically, the dollar index tends to depreciate following U.S. elections, as shown in the table. This depreciation typically occurs over one-month and three-month periods post-election. However, during times of crisis—such as the Lehman Brothers collapse and Brexit—the dollar index has shown strength, moving positively amidst the uncertainty.
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