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  • Biden leads as the presidential election countdown is at 69 days.
  • The risk-off approach might emerge after RNC and Mike Pompeo’s speech.
  • AUD/USD near a critical level, what lies ahead?

Biden Ahead, Trump Trying To Catch-Up

As the US presidential elections are 69 days away, Trump hasn’t shown any improvement in his support numbers and lags Democratic candidate Joe Biden.

The ongoing Republican National Convention hasn’t yet produced an uptick for the incumbent president’s popularity, unlike Biden whose ratings improved during the Democratic Convention earlier. The upcoming two days could change the picture.

Mike Pompeo at RNC

The scheduled appearance of the Secretary of State Mike Pompeo, though not in his official capacity, on Tuesday night, has garnered attention for its break from the conventions. The democrats are targeting his appearance as a political tool against the Republicans.

For the markets, what Pompeo might say in the meeting would provide clues about Trump’s foreign policy for the next four years, if he comes back in power after the elections in November.