Biden good for emerging markets; dollar to gain from Trump win: Analysts

Global financial markets remain on the edge as the race for US presidential poll enters the final lap. Analysts say while predicting the election outcome is harder-than-ever, a victory for Democratic candidate Joe Biden will be good for emerging markets (EM), including India.

That said, aside from which candidate ultimately wins, analysts believe what is even more important for the markets is whether the elections will see a clear ‘sweep’, where the winning party also takes both chambers of the Congress. In such a scenario, more decisive policies could be pursued, in contrast to a situation where both chambers block