• EUR/USD is rising as the US Dollar weakens following the Trump-Harris televised debate. 
• The consensus was that Vice President Kamala Harris came out better after the debate. 
• USD is falling because of the lower chance Trump will be able to implement Dollar-friendly policies. 

EUR/USD is exchanging hands in the 1.1040s, trading higher on Wednesday amid a broad-based weakening in the US Dollar (USD) following the Trump-Harris televised presidential election debate. 

Most analysts agree that Vice President Kamala Harris came out on top during the debate, and a recent poll from the BBC showed that she is ahead with 47% versus former President Donald Trump’s 43%. 

The US Dollar (USD) is weakening – and as a result EUR/USD is rising – because one of Trump’s policies is to protect the US Dollar’s status as the world’s reserve currency. This includes penalizing countries who refuse to trade in USD by imposing tariffs on their goods. The policy is a response to the growing influence of the BRICS trading bloc and its policy of de-dollarizing the global economy.