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Election Eve: Clinton swings closer to the White House

On the eve of  Election Day in the US, the Democrat candidate Hillary Clinton gains momentum. While markets  initially reacted on Clinton Clearance by the FBI, other news of massive early voting by Hispanics is far more important.

That was early Sunday trading, and 24 hours later,  the late opinion polls also swing to Clinton’s favor, in both swing states and national ones. Most of the  polling was made  before news broke regarding the FBI clearance. The last swing still leaves the picture open, but markets are pricing in a President Clinton much more than President Trump.

She is a narrow favorite to beat Donald Trump in Florida and North Carolina according to new data accumulated by FiveThirtyEight. While these remain tossups, the Latino vote in Florida makes a difference. Things could end early if she wins Florida.

Also, national polls have widened. RealClearPolitics have shown a race as tight as a 1.7% lead and now show 2.9%. This is within the margin of error and Trump can also  win the electoral college without winning the popular vote. However, the momentum also helps.

The US dollar is the big winner, especially against the safe-haven yen. In the less-traded currencies, the Mexican peso also had a superb day. Clinton would maintain the NAFTA agreement her husband signed while Trump would probably sever relations with other countries.

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Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.