As the results come in from more and more states, it becomes increasingly clear that the outcome of the American election will be horribly close in the battleground states. So far, Donald Trump is better in Georgia and North Carolina, as well as Wisconsin, while in Pennsylvania, Virginia and Michigan his rival, the Democratic candidate Kamala Harris, is better.
However, everywhere a few thousand or ten thousand votes can decide, the markets have started to price the risks.
In the tense situation, a Donald Trump presidency seems more likely for the time being: the American currency thus strengthened by 1.5 percent compared to the euro, after a Trump victory would be economically less advantageous for the European Union.
Meanwhile, the HUF was dragged along with the euro The exchange rate is 410.64 already early in the morning. This is almost a 0.5 percent weakening compared to the daily opening.
Compared to the dollar, the Hungarian currency weakened by more than 1.8 percent, so the exchange rate is already above 381.3.
The cover image is an illustration. Cover image source: Getty Images
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Source: www.portfolio.hu
