US Dollar Selloff Unfazed by NFP Data with Focus on Election

6 November 2020 6 November 2020

BonTrade

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.

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USD/JPY - A Fresh Eight-Month Low Ahead of US Jobs Report as Vote Count Continues in Key States

U.S. Presidential Election Impact on Markets: Initial Reaction