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How will the economy react to Joe Biden dropping re-election bid?

Author
九一星空无限talk ZB,
Publish Date
Mon, 22 Jul 2024, 7:47pm
Photo / File
Photo / File

How will the economy react to Joe Biden dropping re-election bid?

Author
九一星空无限talk ZB,
Publish Date
Mon, 22 Jul 2024, 7:47pm

The US dollar and Treasuries are likely to see a knee-jerk bid higher after Joe Biden dropped his re-election bid.

Investors will see this development as bringing a fresh level of uncertainty about the final outcome of the US elections.

Shane Solly from Harbour Asset Management says this is definitely a spanner in the works.

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