THE DOLLAR IS UNDER THE PRESSURE OF THE WEAK LABOR MARKET AND THE US ELECTIONS.. WHAT ARE COMMERZBANK'S EXPECTATIONS?
Labor Market Impact: October’s job data didn't hurt the dollar much.
Unemployment Stable: The unemployment rate didn’t increase, so no shock there.
Temporary Factors: The low job growth can be explained by temporary issues, so it doesn't suggest the labor market is collapsing.
US Election Influence: The biggest factor for the dollar right now is the upcoming presidential election.
Impact of Trump Win: If Trump wins, his policies could lead to big economic changes.
Poll Shifts: Some recent polls have shown unexpected results:
Kamala Harris Leading: Harris is leading in North Carolina, Georgia, and even Iowa, which has traditionally leaned Republican.
Doubt on Previous Polls: This raises doubts about earlier polls showing Trump leading, as they might have errors.
