US Vice President Harris quickly strengthened Democratic support for her presidential campaign on Monday. After President Biden suddenly announced his withdrawal from the race, she received promises from hundreds of national representatives, announced the raising of large funds, and gained support from senior Democrats.

Harris received Pelosi's endorsement, quickly strengthening support within the Democratic Party for his candidacy for the US presidency

Former Speaker of the United States House of Representatives Pelosi expressed support for Harris to succeed Biden as the Democratic presidential candidate. 84 year old Pelosi said in a statement, "We must unite, move forward courageously, decisively defeat Trump, and passionately elect Harris as the next President of the United States

Almost all well-known Democrats who were once seen as potential challengers to Harris have expressed support for her. On July 23rd, Illinois Governor JB Pritzker and Michigan Governor Gretchen Whitmer endorsed Harris' presidential campaign, putting an end to speculation that they may challenge Harris' nomination within the party. After President Biden withdrew from the race last Sunday, California Governor Newson, Maryland Governor Wes Moore, Pennsylvania Governor Josh Shapiro, North Carolina Governor Roy Cooper, and Kentucky Governor Andy Beshear all expressed their support for Harris.

According to a statement released by the American Federation of Labor and the Confederation of Trade Unions, they unanimously support Harris' nomination as the Democratic presidential candidate. In addition, the United Steelworkers of America supports Harris' nomination as the Democratic presidential candidate.

US President Biden said he will do his best to meet Harris' needs or demands. Biden said he won't go anywhere and will run for office with Harris. He also believes that Harris should be welcomed, she is the best.

According to sources, former US Attorney General Holder and his law firm will conduct a review of potential vice presidential candidates for Harris.

According to sources, Harris' campaign team aims to secure the nomination by securing the majority of the nearly 4000 delegates attending next month's Democratic National Convention by Wednesday evening. Campaign officials and allies have made hundreds of phone calls urging delegates to nominate Harris for the presidential election on November 5th.

The Harris campaign team said that less than 24 hours after Biden announced his withdrawal, they raised $81 million, the largest single day fundraising scale in the 2024 bipartisan campaign.

Harris, who has gained the support of many people, is full of confidence. She said, "After the first day of the election, there are still 105 days left until the election. As long as we work together, we will definitely win

Sources indicate that the Trump campaign team has been preparing for Harris to become a potential candidate for several weeks. The Trump team released a detailed document on Monday criticizing Harris' record on immigration and other issues, accusing her agenda of being more liberal than Biden's.

The Trump campaign team stated that Harris supports the crackdown on U.S. Immigration and Customs Enforcement (USICE) and legalizing border crossings, supports the Green New Deal, supports the government's electric vehicle agenda, and encourages efforts to reduce policing budgets.

Harris advocates tax cuts and attaches importance to the development of clean energy

There are reports that the initial uncertainty brought about by the Democratic Party's imminent change may exacerbate asset risk aversion and provide conditions for the rise of the US dollar. In addition, market momentum is also biased towards the US dollar. Speculators and asset management companies have once again increased their long positions in the US dollar.

Trump and his vice presidential candidate Vance have both called for a weakening of the US dollar. Strategist Sebastian Boyd pointed out that the policies they support (tariffs, low interest rates, fiscal stimulus) lack coherence and may stimulate inflation, which will challenge expectations of a Fed rate cut and ultimately boost the US dollar.

Previously, it was reported that Harris' stance on climate and energy policies was particularly clear. She emphasized the importance of clean energy and environmental justice, and pledged $3 billion to the Green Climate Fund in international climate negotiations. Her policy proposals may accelerate the transition from traditional energy to clean energy, promote the development of renewable energy such as solar and wind power, and strengthen attention to environmental justice issues.

One of the core principles of Trump's economics is tax cuts, and Harris also advocates for tax cuts, but she supports tax cuts for middle and low-income groups. For the wealthy and businesses, she hopes to increase taxes.

Harris hopes to promote US exports, so she may be more moderate than Trump on tariffs.

Vasu Menon, Managing Director of Investment Strategy at OCBC Bank, believes that Harris' victory in the US presidential election will benefit the market. Menon stated that under Democratic rule, the Federal Reserve can continue its monetary policy with "political continuity and less policy uncertainty".