The Tell: Complacency warning? ‘Election premium’ in currency market collapses much like it did in 2016

Currency traders are growing relaxed about the potential for volatility in the aftermath of the Nov. 3 U.S. presidential election as Democratic challenger Joe Biden holds a wide lead over President Donald Trump — but the market saw a very similar move in the runup to the 2016 election, notes one currency watcher.

Currency traders are growing relaxed about the potential for volatility in the aftermath of the Nov. 3 U.S. presidential election as Democratic challenger Joe Biden holds a wide lead over President Donald Trump — but the market saw a very similar move in the runup to the 2016 election, notes one currency watcher.