Nathan Thooft, senior portfolio manager at Manulife Investment Management: Although the US midterm election results may affect market sentiment in the short term, we think investors should be careful not to exaggerate their long-term impact on the US dollar. The exchange rate market is ultimately more driven by relative economic growth, inflation, interest rates, and capital flows than by election results alone. The emergence of a divided government means fewer changes and less uncertainty, “providing some stability to financial markets, including the US dollar.”

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