ING analyst Francesco Pesole said the main risk to the dollar on Friday is that
investors may liquidate positions betting on dollar strength ahead of Tuesday's
U.S. midterm elections. He said prediction markets assign about a 68%
probability to a Democratic sweep, which could be dollar-negative by raising
shutdown government risk, increasing the chance of a debt-ceiling stalemate, and
further denting already fragile AI-driven market sentiment. Pesole added the
The dollar should still attract buyers if tech stocks stop dominating headlines.
