With the US election less than a week away, Wall Street is increasingly convinced that former US president Donald Trump will return to the White House, causing investors to recalibrate their portfolios.

The U.S. dollar has already risen more than 3 percent this month as bond yields climb toward three-month highs, in part as markets brace for a Republican victory on Nov. 5. Major polls show Democratic hopeful Kamala Harris still neck-and-neck with Trump.

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