The US dollar is experiencing a surge in demand as investors prepare for the upcoming US election. According to JPMorgan strategists, hedge funds are positioning their portfolios for a potential Trump victory. The dollar has held steady at its August high amid speculations about the Federal Reserve's interest rate decisions and the uncertainty surrounding the election. Key short-end rates contracts are teetering above important technical levels, which could lead to further dollar strength if a bearish break occurs. Traders are paring bearish bets on the dollar as the election approaches. Earnings are also in focus during this period.