Analysts Predict US Dollar Trends Amid Biden’s Withdrawal and Trump’s Lead

The US dollar has seen a slight decline against major currencies following President Joe Biden's decision to withdraw from the re-election race and endorse Kamala Harris. This political shift, coupled with Donald Trump's leading position, is influencing market sentiments. The dollar index fell by 0.1% to 104.30. Experts are weighing in on the potential impacts on USD trends. Athanasios Vamvakidis from Bank of America provides insight into the evolving outlook.

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