15:26 - 5.11.2024

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November 5, Fineko/abc.az. Hedge funds doubting Trump's victory are betting on a fall of the US dollar, ABC.AZ informs, referring to a Bloomberg report.

The opinion poll encourages funds to reconsider their positions. The volume of options to buy euros on Monday, November 4, more than doubled. The U.S. elections are pushing some hedge funds to prefer currency options, which will benefit from a weakening dollar if Kamala Harris wins the presidential election.

The results of public opinion polls, for example, in Iowa, which were previously considered successful for her opponent and Republican candidate Donald Trump, have already pushed funds to reassess who will come out the winner, and some bets on the dollar's growth decreased the day before.