With less than twenty four hours to go until the much-awaited U.S. elections, analysts have given their views on how currencies across the globe could trade amid any major volatility that the result could generate.
In a research note, Jordan Rochester, a foreign exchange strategist at Nomura, predicted that the dollar could increase further in the case of a Hillary Clinton win. "Dollar still likely to increase 1.9 percent, with GBP (sterling) and commodity currencies underperforming amid higher U.S. yields and lower equity prices."
This comes after investors across the globe have already started betting on a win for Democratic presidential candidate Hillary Clinton with the dollar edging higher on Monday morning.
In the event of a Donald Trump win, the dollar is expected to sink by around 1.3 percent, Nomura's Rochester said. He also added that dollar/yen cross could see a fall by 4.7 percent, but stated that the greenback would still rally to around 23 Mexican pesos, from its current level of 18.71.