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The dollar rose in the first US presidential debate, with the market believing that Trump has the advantage.
Golden Finance reported that the US dollar rose in Asian trading, as the market believes that former US President Trump is leading in the first US presidential debate. Current President Biden stumbled in the early stages of the debate, which may increase concerns about his ability to defeat Trump in the November election. Carol Kong, strategist at the Commonwealth Bank of Australia (CBA), said that from the current reaction, the market believes that Trump is ‘winning’ the debate, but it is still too early to draw conclusions.