BlockBeats news, November 4, due to the possibility of position adjustments before the US presidential election on Tuesday, the New Zealand dollar strengthened against the US dollar in early trading. The Commonwealth Bank of Australia (CBA) global economic and market research team said in a report that the US dollar "is likely to trade in a wide range this week" due to the election. The team said that if Trump leads in the early count of in-person voting, the dollar may climb. However, Democratic voters prefer to vote by mail or in person in advance, and these ballots take longer to count.
As a result, the team said Trump's lead could shrink or disappear later this week. The team added that if Harris wins, the dollar could depreciate by 1%-2% this week. (Jinshi)
