The USD has become soft. What's the tactical outlook against its main counterparts?
US ELECTION: market updates
Information is not investment advice
This is what we have so far in the US Presidential election scores as of 07:20 MT time. The very latest news is that Donald Trump had a big win in Ohio, a crusial state for the overall outcome of the election. Officials from certain states say there may be no final results until next week. Overall, the conclusion so far is that Trump holds strong. In the meantime, if Biden wins, that's definitely not going to be an easy and early victory.
And here is a quick look at the market. In most currency pais with the American dollar, the USD first lost value, then took a big push, then ceded some of the gain - exactly like what you see with the EUR/USD below. In the meantime, gold rises to $1 915, drops below $1 890 and gets back up above $1 900 again. Oil keeps growing.
Asia-Pacific stocks lacked firm direction as momentum faded from the record-setting performance on Wall St, where the S&P 500 and Nasdaq printed fresh all-time highs
Fed's Powell said a slowing recovery and a surging pandemic meant the US was entering a "challenging" few months, with the potential deployment of a vaccine still facing hurdles.