FX168 Financial News Agency (Asia-Pacific) News On November 5th, the day of the US election finally arrived, ending the turbulent campaign activity due to the attempted assassination of Donald Trump and Kamala Harris replacing Joe Biden as the Democratic candidate.

US polls show a very close race, with odds in the gambling market tightening in the past few days, leading to a reduction in bets on Trump's victory or a Republican sweep in Congress and the White House in some financial markets.

Strategists believe that if Trump wins, the US dollar may rise, while a Harris victory could lead to a decline. In addition, Trump's victory is expected to push Bitcoin higher, as he is seen as more lenient on regulating cryptocurrencies.

Underneath the surface, the offshore Renminbi's options against the US dollarImplied volatilityreached a historical high, indicating that investors are filled with tension over the impact of potential new protectionist measures by the US on global trade.

As election results begin to be announced, the focus will be on battleground states such as Georgia, North Carolina, Pennsylvania, Michigan, Arizona, Wisconsin, and Nevada. Voting in Georgia will end at midnight Greenwich Mean Time.

There may not be a clear winner for several days, and Trump has hinted at resisting in the event of defeat, as he did in 2020.

On the surface, the market appears stable in the final stage, with the trading department reporting that investors have reduced their risk exposure and are waiting for the outcome.

In this eerie calm, the Reserve Bank of Australia kept interest rates unchanged at 4.35% for the eighth consecutive meeting, in line with market expectations.

Crude oil has become the main driving factor in the market in recent days, rising nearly 3% on Monday, as OPEC+ announced a second delay in the planned production increase.

Key developments that may affect the market on Tuesday:

US Presidential Election.