EUR/USD set for 1.12 if Harris beats Trump
Nov 5 (Reuters) - EUR/USD might jump towards 1.12 if Kamala Harris defeats Donald Trump in the presidential election, as this would erase the risk of U.S. tariffs on imports from the European Union.
Trump last week said the EU "is going to have to pay a big price" for not buying enough American exports if he wins the election. Harris is not expected to do likewise.
Opinion polls show Trump and Harris neck-and-neck in the seven battleground states that will decide Tuesday's vote. Of those seven, Pennsylvania stands out as the state most likely to determine who succeeds Joe Biden in the White House.
EUR/USD was last at 1.12 on Sept. 30, with the "Trump trade" fuelling its subsequent slide to a 16-week EBS low of 1.0762 last month (Oct. 23).
Bull targets ahead of 1.12 include 1.10.
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(Robert Howard is a Reuters market analyst. The views expressed are his own)
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