Vaccine news and the Dollar

Has the Dollar's reaction function to risk been flipped by this week's vaccine news? Financial market price action in the wake of news of a potentially successful covid-19 vaccine from Pfizer, and subsequent news from Moderna, suggests that instead of being a loser amidst an air of improved investor expectations, the Dollar could be a winner.

November 12,2020

Pfizer

Pfizer have announced their vaccine candidate is 90% effective, news that sent investors rushing into stocks as a trifecta of positives met the investment community at the start of the new week.

November 13,2020

Biden

Stock markets are higher at the start of the new week, but foreign exchange markets are looking a little more indecisive on news that Joe Biden became the President-elect of the United States, ending weeks of uncertainty concerning the outcome of the vote.

November 9,2020

The Pound-to-Dollar exchange rate outlook has been bolstered by an election victory for opposition candidate Joe Biden of the Democratic Party, although elevated stock markets, a looming deadline for a Brexit trade deal and technical resistance on the charts could all stymie the Pound in the days ahead. 

November 8,2020

Biden vs. Trump latest

A market-friendly but U.S. Dollar-negative 'blue wave' outcome to the hotly contested U.S. election could yet transpire, given news that the race for the Senate will only be decided in January.

November 6,2020

The Dollar Index fell back toward the year's lows on Thursday as other major currencies climbed further against the greenback, although analysts have in some cases curbed enthusiasm for wagers against the U.S. currency as the world's largest economy begins grappling with a contested election. 

November 6,2020

Dollar and U.S. election

The Dollar has risen sharply over the course of the past 12 hours amidst the unexpectedly strong showing of President Donald Trump, which has increased the prospects for a contested outcome to the vote.

November 4,2020

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