According to Odaily Planet Daily, Mitsubishi UFJ analyst Derek Halpenny said that if Republican candidate Trump wins the US presidential election on November 5, the US dollar and US stocks may rise, at least at first.
Trump told reporters last week that there was a higher risk that he would raise tariffs faster than during his first term as president. However, the dollar's nearly 4% gain in October suggests that this is already priced in, which could limit the dollar's gains.
If Trump wins, EUR/USD could fall below 1.0500 but would still be above parity.