Dollar Mixed Ahead of Trump Inauguration

Donald J. Trump will become the 45th President of the United States when he is sworn into office tomorrow. Markets will be following the event as his transition team has promised to deliver executive actions from day one. Here is a quick schedule of the Inauguration:

9:30 am EST- Inauguration ceremony begins
11:30 am EST- Opening remarks.
Noon – Trump will recite the oath of office. Afterward, Trump will deliver his inaugural address.
12:30 EST – Ceremony ends.
3 pm to 5 pm EST – Inaugural parade.
7 pm to 11pm EST – Three official inaugural balls.

The U.S. dollar was mixed during the Thursday trading session ahead of the big event. The NAFTA currencies, CAD and MXN had a volatile session following comments from earlier in the week about the renegotiation of the trade agreement. The Mexican peso had been a focus of Trump, but the CAD was quickly caught in a downtrend losing about 0.40 percent on Thursday.

Trump has not changed much since his combative persona during the primaries and the election which he eventually won. His first 100 days in office are full of uncertainties for all asset classes which portents higher volatility as more of his policies are finally revealed