Baku. 19 May. REPORT.AZ/ Following the publication of articles by New York Times newspaper related to US President, volatility in the global financial markets may increase further with the possibility of Trump's impeachment.
Report informs citing the US The Hill newspaper, companies, according to the US and British betting companies, bets on impeachment increased. Popular US betting site PredictIt was offering a 27 % chance that Congress would force Trump out of office. While low, it's a huge surge from earlier in May, when the site offered only a 7 % chance.
In the UK, bettors were even less kind. Betfair.com now finds itlikely than not that Trump will be ousted before the end of his first term, with a 55 % chance. Most of the changes occurred overnight, according to the betting site's report.
Notably, after the article published on "New York Times" indices in the US stock market decreased by 2%, while US dollar by 2.5%. Analytical Group of Report believes; scandal around US president will continue for a while. During this period, the dollar could face pressure. However, if the president is impeached, then the exchange rate of the US dollar and the stock indices will rise again. Thus, participants of US financial markets are not happy with Trump’s activity. Notably, the above-mentioned scandal has led to drop not only in US stock indices but also indices around the world and decline in currencies of developing countries.