Wednesday, 4 November 2020

Market Reaction to US Elections: Risk Off, USD Up, Stocks Down, Gold Lower

Global markets reacted initially with a defensive move out of riskier assets into the safety of the US Dollar and US Treasuries after the Presidential election provided no clear winner.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...