US Dollar Selloff Unfazed by NFP Data with Focus on Election
Summary
By sueyangfx.com November 06, 2020 at 02:16PM The US Dollar bounced in response to solid nonfarm payrolls data, but the rebound looks short-lived with USD price action facing heavy selling pressure as election results point to a Biden presidency.
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 06, 2020 at 02:16PM
The US Dollar bounced in response to solid nonfarm payrolls data, but the rebound looks short-lived with USD price action facing heavy selling pressure as election results point to a Biden presidency.