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US Dollar Thumped Ahead of Jobs Report
Market optimism over the possibility of a vaccine in early 2021 overshadowed the continued surge in US cases, where the 50k-a-day threshold of new cases has been breached. Following the NASDAQ close yesterday at record highs, global equities have advanced. Led by Hong Kong returning from yesterday's holiday, Asia Pacific equities rallied. Most local markets rose by more than 1%, though Tokyo and Taiwan lagged. Europe's Dow Jones Stoxx 600 is up over 1% to extend its rally for the fourth consecutive session. The S&P 500 is trading more than 0.5% higher in electronic trade, which is sufficient to take out a ... (full story)