Market Reaction to US Elections: Risk Off, USD Up, Stocks Down, Gold Lower
Summary
By sueyangfx.com November 04, 2020 at 09:11AM 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.
More On DailyFX - Market News
- US Dollar Price Action: Hawkish Powell and Potential Month-End USD Buying
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- British Pound Falls, US Dollar Soars on Fed. Will Boris Johnson Issues Drag GBP/USD?
- Gold Price Crumbles After Hawkish Fed Boosted US Dollar. Where to for XAU/USD?
- Supportive USD Fundamentals and DXY Setup Ahead of FOMC
November 04, 2020 at 09:11AM
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.