Residents wearing protective masks cast ballota at an early voting polling location for the 2020 Presidential election in San Francisco, California, U.S., on Tuesday, Oct. 6, 2020. In June, Governor Newsom signed a one-time-only bill making the November election a mail-ballot vote in hopes of protecting voters from the coronavirus. © Bloomberg
The dollar has been in a slump against major currencies in the last few months, and betting on more declines has become a popular trade.
Wells Fargo macro strategist Zachary Griffiths joins the latest episode of the “What Goes Up” podcast to discuss how the election results could interrupt or continue the trend.
Some highlights of the conversation:
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WNU Editor: There are a lot of things at stake in this year's U.S. elections. The value of the dollar is just one of many. But there is one thing that I do know. This pandemic will end one day, and the next crisis will be a fiscal/unemployment/pension, and debt emergency of the likes that North Americans have never seen in modern times. The solution to these multiple crisis will be to restart the economy and create the conditions for massive economic growth. Who will be best to deliver this economic growth? Is it President Trump or former Vice-President Biden? Unfortunately, this is a discussion that has not been fully debated upon.
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