Surging coronavirus cases and US stimulus doubts made traders cautious and overcast the economic outlook eight days before the US presidential election.
U.S. President Trump’s probability of getting re-elected gained slightly on online betting markets following Thursday’s final presidential debate.
The global surge in COVID-19 cases fueled demand for safe-haven assets like the greenback. The market sentiment was also sapped by stimulus stalemate.
U.S. President Trump boosted hopes for a large fiscal stimulus package while greenback hits its lowest since September in response to the comments.
That US coronavirus relief deadline proposed by House Speaker is coming up today, in the end of the day, keeping the overall market mood cautious.