White House race may affect US dollar

New York

TRADERS wanting to know what November's US presidential election will mean for the US dollar need look no further than the UK.

The pound plunged to a seven-year low and volatility soared, exceeding all other Group of 10 nations, on risks created by a referendum on European Union membership. Given the tough talk on US dollar strength from candidates vying for the White House, the greenback is just as vulnerable to politics, according to Deutsche Bank AG, JPMorgan Chase & Co and Standard Bank Group Ltd.