In the lead up to the Republican National Convention (RNC) in July, we are likely to see a surge in US Dollar Rebound. This is expected to continue for the rest of the week and possibly into Day 3 of the Convention. Why is this happening? Is there a real chance that we may see a reversal of this trend that we are seeing currently in the US Dollar Index?
One of the main factors that have helped the US Dollar Reversion is the rise of US Presidential Candidate, Senator, Ben Carson, in the recent debates, and Senator, Marco Rubio, in the debate before that. If there is a win for either of these candidates that causes the US Dollar to rebound against other major currencies, it could cause a significant shift in global currency values.
One of the reasons why Marco Rubio seems to be gaining in favor with US voters is due to his stance on the issues that are likely to be discussed at the convention. Although the US is still a safe haven for investors around the world, a US victory for either Ben Carson or Marco Rubio would mean that they are no longer safe havens for investors, especially those who have had money tied up in other nations for many years.
During the political campaign trail, both Ben Carson and Marco Rubio have promised to reduce the size of the US military. While this will undoubtedly be welcomed by US voters who want the US Army reduced in size, it may not be welcomed by other countries around the world, especially those who have spent much of their current wealth on the US Military.
If there is a win for either Ben Carson or Marco Rubio, this could mean that there will be less US Dollar Reversion over the next few days. It will also mean that more of the world will look to the US Dollar Index to purchase their goods.
The Dollar Index has recently started a major retracement pattern which is seen when US Dollar Reversion is predicting to resume. During the last two years, this pattern saw the US Dollar Index returns a major rally which saw the Dollar Index surpasses $1 trillion for the first time since August 2020.
In summary, if the US Presidential race continues as expected, there is a high probability that the US Dollar Reversion will extend into Day 3 of the Republican National Convention. For those who are considering trading in the US Dollar, the best time to purchase is at least one day ahead of the convention.
Marco Rubio and Ben Carson have yet to announce their plans for the convention but there will certainly be an announcement to come sooner rather than later. If they both become the Republican nominee, then they will have a very good chance of winning the US Presidency.
The US Dollar Reversion will continue for some time, however, until the results of the election are clear. This is due to the fact that a lot of delegates are undecided and voting is being done on a state-by-state basis.
The best way to determine what the future holds is to stay tuned to The Dollar Vigilante Report for all the latest updates on the US Presidential race. Until then, you can continue to enjoy our articles which provide daily news and commentary on international news and events around the world. As long as the political campaign continues, it is a good time to be a savvy investor.
To be sure, the US Dollar Reversion will continue into the third week of the convention. If you do not already know, you should take advantage of the strong US Dollar Index for the chance to buy more US Dollar.
Another important detail is that Ben Carson and Marco Rubio have been using a similar strategy to avoid a US Dollar Reversion in this election. As we have pointed out in previous articles, if there is a tie in the delegate count between the two candidates, then the candidate with more votes will win.
Keep in mind that if either Ben Carson or Marco Rubio were to win the election, the US Dollar Reversion may continue until either one of them drops out of the race before their convention. on July 28th.