As voters in the world's largest economy prepared to head to the polls, the dollar and the yield on US Treasury bonds fell as investors pared bets on a Donald Trump victory.
The dollar dipped 0.6% against a trade-weighted basket of currencies, falling to its lowest level in two weeks after a surprise opinion poll showed Kamala Harris ahead in Iowa, which had been expected to be a safe state for the Republicans. The yield - in effect, the interest rate - on 10-year US Treasury bonds fell by about nine basis points to 4.28%.
Trump has been ahead in betting markets despite trailing in opinion polls, leading to what Wall Street has called the "Trump trade" - a bet that his policies could lead to a boost for share prices, Treasury yields and the dollar if he were to be elected.
Bu hikaye The Guardian dergisinin November 05, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Guardian dergisinin November 05, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Lopetegui's job on the line if West Ham lose to Everton
West Ham will review Julen Lopetegui's position if they lose at home to Everton on Saturday.
Ancelotti rallies Madrid as limp defeats rattle fans
Milan loss serves as a sharp wake-up call for listless team, with Jude Bellingham and Kylian Mbappé struggling
Calhanoglu spot-on as Arsenal fall to handball
Mikel Arteta's problems keep on mounting. In the week that they were rocked by the surprise resignation of sporting director Edu, Arsenal surrendered their unbeaten record in the Champions League after Hakan Calhanoglu kept up his record of never having missed a penalty for Inter to score the only goal of a tightly contested game.
Mings hands Brugge win as bizarre penalty proves costly for Villa
There was hardly a murmur as Emiliano Martinez took a short goal-kick five minutes into the second half and then, a few seconds later, huge cheers from those decked out in Club Brugge blue and black as the ramifications of Tyrone Mings's brain freeze dawned on them.
Liverpool ace tricky early tests under Slot
After demolishing an excellent Leverkusen side, Reds look like the real deal domestically and in Europe
Onana insists United will 'step up' for arrival of Amorim
André Onana has backed his Manchester United teammates to \"step up\" and adapt to Rúben Amorim's style after watching Sporting defeat Manchester City 4-1 in the Champions League.
Manchester City told to pay most of £11m wages owed to Mendy
Manchester City must pay their former defender Benjamin Mendy the majority of £11m in wages deducted from his pay packet when he was on rape and sexual assault charges, of which he was later acquitted, an employment tribunal has ruled.
Is this really all about Rodri? The reasons behind City's slump
Injuries have played a part in a run of three straight defeats for Guardiola's side but so have some surprising tactics
'You don't want people to think you are arrogant'
Rassie Erasmus believes his South Africa side are too often tarred as villains of the piece and deserve more love
Khelif to take legal action over leaks
Imane Khelif, the boxer who won Olympic gold amid a gender eligibility row, is taking legal action over media reports allegedly detailing her leaked medical records, the International Olympic Committee has said.
