Dollar in a thight squeeze and will hold the downward trend
Updated
US Elections are nearing and Trump will become the winner of the Election night, but the mail-ballots will eventually decide the winner of the elections. Trumps initial victory will make the S&P500 and NASDAQ rise to the end of the year. However the rising tensions will keep the markets holding breath and mixed. However the requirement of stimulus will end up killing the dollar quite badly, which in the end is good for the US foreign-trade.
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So the elections pumped the dollar up, because of uncertainty and lack of stimulus. People sold their positions and went on the cash side, now they are coming back on hopes of stimulus. However the really narrow victory of Biden and loss of House seats + narrow loss of Senate. The stimulus bill will be a though fight between democrats and republicans, lets see what happens. I still think the trend is clearly downwards and inflation will pick up.
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