The ‘election premium’ in the currency market is collapsing…just like it did in 2016, notes SocGen
October 20, 2020 at 16:40 PM EDT
Currency traders are growing relaxed about the potential for volatility in the aftermath of the Nov. 3 U.S. presidential election as Democratic challenger Joe Biden holds a wide lead over President Donald Trump -- but the market saw a very similar move in the runup to the 2016 election, notes one currency watcher.