Currency Traders Steer Clear of Dollar as US Election Nears.

Investors are avoiding the US dollar and favoring trades that don't involve the currency due to uncertainty surrounding the upcoming US election and Federal Reserve policy. This is a departure from the norm, as the dollar typically dominates the foreign-exchange market. Long-term investor positioning in the dollar is currently neutral, and major financial institutions are holding off on making big bets on the currency until after the election. Instead, investors are turning to cross-currency pairs and trades that are less exposed to the US political landscape. [Extracted from the article]