The Afternoon Update with Lynlee Foo (1pm – 4pm)The Afternoon Update with Lynlee Foo (1pm – 4pm)

Market View: Dollar slides in Asia ahead of US election showdown

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With the US election and Fed meeting on the horizon, there is a noticeable shift in investor sentiment across Asian markets. Key movements in currencies hint at regional resilience amid global uncertainties as the dollar weakened ahead of the outcome of the U.S. presidential election this week.

However, the Malaysian ringgit has seen its move to the upside halted, closing in October lower by 5.8 per cent against the US dollar, which is its biggest monthly drop in about eight years.

What can investors expect in the days ahead? 

Yeap Junrong, Market Strategist at trading platform IG, shares his insights. 

 

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