The global upshot of Obama v Romney
A win for Barack Obama will lead the US dollar to appreciate, says BoA Merrill, while noting the impact of US fiscal tightening on global GDP growth.
Bank of America-Merrill Lynch flips between bullish and bearish on US dollar appreciation depending on the outcome of the tight presidential race.
Speaking at a press conference in Hong Kong yesterday – the day American voters headed to the polls to choose the nation’s next leader –FX and rates strategist David Woo outlined the bank’s base case.
Re-election of the incumbent Democrat Barack Obama, the 44th US president, and it tips the US dollar to appreciate; victory for Republi…
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