Sunday, 8 November 2020

US Dollar Sank on Biden Election Lead, Capital to Flow into Emerging Markets?

The US Dollar tumbled against ASEAN currencies as Joe Biden accumulated votes against Donald Trump . Emerging market assets soared, sinking USD/SGD, USD/PHP, USD/IDR and USD/PHP.

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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...