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Dollar in narrow range ahead of U.S. election, pound weakens

From reuters.com

The U.S. dollar steadied on Monday as investors prepared for U.S. presidential elections on Tuesday, while a surge in global coronavirus cases continued to weigh on sentiment.“The euro has been selling since infection cases and lockdowns stood out in Europe,” said Daisuke Uno, chief strategist at Sumitomo Mitsui Bank. “But infection cases in other countries, like the U.S., have been on a rise as well. As time goes on, I think increasing coronavirus cases and lockdowns will be common topics in any country, to the extent that they are no longer themes for the currency market,” he said. Indeed, the United States posted ... (full story)

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  • Category: Fundamental Analysis