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Dollar gains in first US Presidential Election debate, markets see Trump as dominant

The dollar rallied in Asian trading as markets tipped former US President Donald Trump for the lead in the first US Presidential Election debate. Biden's bumpy performance in the early stages of the debate is likely to fuel concerns about his ability to defeat Trump in November. Commonwealth Bank of Australia (CBA) strategist Carol Kong said that based on the current reaction, the market believes that Trump is'winning 'the debate, but it is too early to draw conclusions.