Goldman expects USD upside under a Republican victory ...Middle East

Heading into the Trump/Biden debate this week, Goldman was out with a useful note on their expectations for a Republican victory.USD: Upside bias under a Republican victoryTariff Policies: Trump has proposed several potential tariff policies, including a 10% across-the-board tariff on imports and a 60% tariff on imports from China. These tariffs are expected to strengthen the USD due to reduced import volumes and increased demand for domestic goods.Market Expectations: Prediction markets suggest a higher probability of a Republican sweep, which typically aligns with stronger fiscal conservatism and policies that favor a stronger dollar​US Stocks with high International revenue or supply expo

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