- Election day less than 48 hours away – what could cause a surge in volatility?
- Biden holds his lead in the polls within the 7-point, multi-week average
- AUD/USD holds above support at 0.7018 ahead of election day
48 HOURS UNTIL THE US PRESIDENTIAL ELECTION
The highly anticipated US presidential election is less than 48 hours away. The former Vice President and Democratic nominee Joe Biden continues to hold onto his lead in the polls of around 7 points against Republican President Trump. This is the same lead that Mr. Biden has kept for a few months.
2020 US Election Polls
Still, Mr. Trump could still see votes jump on election day. particularly as Republican voters are statistically more likely to vote in person compared to Democrat supporter who favour a mailing vote. A sharp and sudden rise in support for Trump could bring back memories of 2016-like election reaction where Mr. Trump was unexpectedly declared the winner. The 2016 result brought with it extremely high volatility as traders re-positioned for an unexpected political environment.