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    Markets Week Ahead: Dow Jones, Gold, US Dollar, US Election Aftermath, Where to?

    Abstract:The Dow Jones, S&P 500 and Nasdaq 100 experienced their best week since early April as the United States went to the polls to vote on a new government composition. Anti-risk currencies like the US Dollar and Japanese Yen declined as growth-linked ones like the Australian and New Zealand Dollars outperformed. Anti-fiat gold prices gained as crude oil rose cautiously.

      The Dow Jones, S&P 500 and Nasdaq 100 experienced their best week since early April as the United States went to the polls to vote on a new government composition. Anti-risk currencies like the US Dollar and Japanese Yen declined as growth-linked ones like the Australian and New Zealand Dollars outperformed. Anti-fiat gold prices gained as crude oil rose cautiously.

      Markets were initially thrown off by what was appearing to be a contested election. But as the counts came in, Democratic nominee Joe Biden began closing in on incumbent Donald Trump. On Friday, Mr Biden appeared to take the lead in key swing states Georgia and Pennsylvania. Some certainty likely boosted markets, overlooking what may be a smaller-than-expected fiscal package.

      A confirmed win for Joe Biden will likely be a major foreign policy shift compared to the current administration, and emerging market assets are rallying. This is as the European Union is approaching the November 10th target date to impose WTO-approved tariffs against the United States worth about $4 billion.

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    • Euro
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    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
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