2024 Election's Potential Impact on Southeast Asia

The U.S. dollar remains the dominant global reserve currency, comprising approximately 59% of global foreign reserves, significantly influencing economic conditions worldwide, particularly in Southeast Asia. Fluctuations in the dollar's value impact currency trading, commodity prices, and interest rates in countries like India and Malaysia, making it essential for traders to stay informed. As the 2024 U.S. presidential election approaches, analysts in China and Southeast Asia are closely monitoring the potential policy shifts under either Kamala Harris or Donald Trump, both of whom are expected to maintain a tough stance on China. Economic factors, particularly inflation and interest rate changes initiated by the Federal Reserve, are also likely to influence voter sentiment and election outcomes. Furthermore, Southeast Asian economies face uncertainty regarding U.S. trade policies, which could affect their export-driven markets, especially if tariffs are reintroduced. The impending election is expected to heighten global market volatility, affecting currency pairs and trading strategies.