US Presidential election odds: Trump's odds lengthen after Biden drops out

FXStreetJul 21, 2024 11:03 PM

View all comments（0）



Most recent article: US President Joe Biden stands down from reelection, endorses Kamala HarrisMost recent article: US President Joe Biden stands down from reelection, endorses Kamala Harris

US President Joe Biden dropped out of the US presidential race Sunday, per CNN. Vice President Kamala Harris solidified her position as the leading Democratic candidate in the betting market.
Former President Donald Trump remains the betting favorite in the Presidential race after Joe Biden confirmed he would step down as the Democrate candidate.
Harris' odds of becoming the next president soared. However, the vice president is still significantly behind former President Donald Trump in November's presidential election. These are the betting odds, you can't legally bet on elections in the United States.

Market reaction

The US Dollar Index (DXY) is losing 0.14% on the day to trade near 104.20, as of writing.

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

$100 Oil and $5,000 Gold: Why the Dollar is Preparing for a Historic Breakout This Week

TradingKey - Global markets are on the edge of their seats as we enter a very important trading week. The US Dollar Index (DXY) is sitting pretty at a ten-month high, and WTI Crude Oil has finally hit that all-important $100 level.

USD Dollar Trend Forecast: Dollar Index Falls Below 97.0 to 4-Year Low, Will the Dollar Continue To Fall or Bottom Out in 2026?

TradingKey - In January 2026, the US Dollar Index continued its downward trend from 2025, officially breaking below the key 97.0 level and reaching a low of 95.5, marking a nearly four-year low since February 2022.

De-dollarization Is Unlikely to Ensure a Long-term Weakening of the U.S. Dollar Index

TradingKey - Our view is as follows: in the short-to-medium term, factors related to de-dollarization will indeed exert periodic constraints on the U.S. dollar exchange rate; however, from a long-term perspective, there remains considerable uncertainty regarding their actual impact on the trend of t

TradingKey Previous Week’s Market Review & Analysis

U.S. equities rallied, led by Dow up 2.3%. Modest job growth, falling unemployment, and strong wage growth supported sentiment. Energy, utilities, industrials, materials, and small-caps (Russell 2000 +4.6%) outperformed. Fed minutes showed differing views on rates. Investors eye CPI data for inflati

The Tether Hegemony: Record Valuations and the Internalization of Crypto’s Infrastructure

Tether (USDT) has not only shattered valuation records but has also embarked on a radical restructuring of its investment portfolio, evolving into a hybrid stablecoin issuer, venture capitalist, and infrastructure operator.

Featured Tools