Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 30, 2018. REUTERS/Brendan McDermid
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By contrast, Democratic gains that allow the party to control the House of Representatives, and possibly the Senate, could stifle Trump's policy aims and perhaps lead to attempts to impeach him.Investors are bracing for a split Congress, in which Democrats emerge victorious in the House but Republicans hold the Senate, a reflection of current polling data and online betting markets.The fall in U.S. stock prices last month may have been increasingly pricing in such a split Congress, so that scenario may not significantly shake the market.A Democratic sweep of the House and Senate would likely surprise the market and prompt a sell-off in stocks.U.S. DOLLARIf the Republicans retain both the House and Senate the U.S. dollar may benefit, analysts said.A Democratic sweep of Congress could also undermine the dollar if it leads to complete gridlock in Washington, D.C., as it raises the risk of government shutdowns and suggests a more volatile political environment ahead of the 2020 U.S. presidential election.BONDSShould Democrats take one or both chambers of Congress, further efforts to change the tax code would likely stall.
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