In a fast-paced fight for the 2020 U.S. presidential race, EUR / USD is struggling to extend the bounce from the four-month lows of 1.1605 previously achieved in the Asian session.
At the time of writing, the pair is trading at 1.1657, still losing 0.38% on the day. The US dollar is back slightly from multi-week highs, but remains strong as the electoral race hardens. S&P 500 futures, however, are up 1%.
The likely delay in the results of Michigan, Wisconsin and Pennsylvania, due to the slow count, is affecting market sentiment a bit. Meanwhile, the president Trump wins Florida while Joe Biden wins Arizona. There is a greater chance of a tie in the electoral college.
Markets remain awaiting the outcome of the presidential elections, benefiting the safe haven US dollar. Attention now turns to US ADP employment data and ISM Services PMI report for new directional momentum.
Credits: Forex Street
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
