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– Donald Trump (based on Bloomberg)
Pair's Outlook
The US Dollar was almost frozen against all other currencies, including the Canadian Dollar, as the currency exchange rate was only four pips higher than the opening price by mid-Tuesday. Although, the pair experienced some volatility, it does not even matter, if the US presidential elections are being taken into account. The whole basis and policy of the largest economy in the world is about to be changed or enforced even further by the results of the election, which will come in the upcoming hours. If Clinton wins, the Greenback will surge, and vice versa in case of a Trump victory.
Traders' Sentiment
Traders are frozen in expectations, as SWFX sentiment remains unchanged with 58% of open positions being short. Meanwhile, 51% of pending commands are to sell, compared to 53% on Monday.
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