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volatility after the start of the vote count in the US.

  • The dollar rises modestly, it is volatile with the vote count.
  • The current key is in Florida, where there is a very small margin in favor of Trump.
  • Wall Street: Futures are going with increasing volatility, with no clear direction.

The dollar had an abrupt rise with the advance of the vote count in the state of Florida, which is leaning slightly to President Trump. This implies that there will not be a definition very soon, unless the result changes. This uncertainty put downward pressure on Wall Street futures and also on gold.

The EUR / USD went from trading day highs above 1.1760 to falling below 1.1700, after the first results. GBP / USD took a similar run, falling from levels above 1.3100 to 1.3000.

The Commodity-linked currencies peaked against the dollar before rebounding. AUD / USD, USD / CAD and NZD / USD are trading with increasing volatility but currently around Tuesday’s closing levels.

The oro had a drop to $ 1881 and then quickly returned over $ 1900. At Chinese yuan tThere is also an increase in volatility.

At 01:00 GMT, the vote counting was enabled in several more states, including some key states for the election, so it is expected that these will be the ones that move the market in the next few minutes. The Florida race seems close to a definition due to the high level of votes counted (greater than 85%) but far from being defined by the scarce difference between the candidates.

In case of a triumph of Biden, it would be very difficult for Trump to get re-election, so the market would discount the victory of the Democrat.

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Credits: Forex Street

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