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USD moves remain key across major markets as broad sentiment swings positive again
The bulls fought back yesterday as a broadly positive tone to risk appetite trumped concerns markets are having over how the US Presidential Election could pan out. How sustainable this improvement is could hinge on the talks between the Democrats and the White House over a fiscal support package. The Democrats propose around $2.2trillion of funding, whilst Treasury Secretary Mnuchin and the White House propose around $1.6trillion. Although a vote was postponed last night, there is still a chance that fiscal support could be agreed upon as talks continue. This is helping to prop up markets today. You can also add in ... (full story)