USD set to fall vs majors and gain vs EM on Trump victory - Barclays

USD is set to fall vs majors and gain vs EM on a Trump victory, according to Barclays. 

"Under Republican sweep, expect USD to strengthen vs EM and weaken against other major peers amid potential trade wars, potential contractionary policies", Barclays economist Michael Gapen said in phone interview. 

"Market reaction not overdone, question will be how long risk-off moves last. It’s up to the winner to soothe markets” Gapen said.