Georgia Elections Analysis: Markets to surf higher on imminent blue wave, USD to chop around
The blue wave is coming – both Democratic candidates are on course to win special runoff elections in Georgia, after around 97% of the votes have been counted. That would result in an even 50-50 split in the upper chamber of Congress, with Vice-President-elect Kamala Harris breaking ties. At the time of writing, Democratic candidate Raphael Warnock has already been declared the winner by the networks. He is up by 0.96% against Republican Senator Kelly Loeffler. The second race is closer, with GOP Senator David Perdue trailing Democratic challenger Jon Ossof by 0.08%. Why are both candidates set to win with such small margins?