The dollar, Treasury yields and crypto currencies have fallen, reversing some elements of the so-called Trump trade after an unexpected poll result.

In the race’s final hours, a poll reminds the markets of the power of women voters.Caroline Gutman for The New York TimesDown to the wire

Investors on Monday appear to be unwinding bets on the so-called Trump trade. In a major reversal, bonds have rallied and the dollar and crypto currencies have dipped in the race’s final hours.

One explanation is a surprising new poll that showed Vice President Kamala Harris, powered in part by support from women and older voters, edging ahead in deep-red Iowa — a finding that’s also led to a tightening of Donald Trump’s lead in political prediction markets.

Why the change of heart? The highly regarded Ann Selzer/Des Moines Register/Mediacom Iowa poll that

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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