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Oct.28 — The dollar is set to jump by as much as 3% if President Donald Trump is re-elected, according to Derek Halpenny, head of research, global markets, EMEA, and international securities at MUFG. “The risk of tariffs comes back into play, a much smaller fiscal stimulus package would be likely,” he said on “Bloomberg Daybreak: Europe.” In the absence of the “Blue Wave” that Halpenny says markets are pricing in, “euro-dollar could correct lower by 2% to 3% pretty much immediately.”

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