3:48 AM · 4 November 2020

Trump leads the betting polls, the return of risk aversion

Despite the fact that votes are still counted in many swing states, and many of them are currently led by Biden, the market is seeing a significant retreat from risk. The dollar is gaining, yields are sharply down, and the Wall Street futures are also in retreat.
EURUSD is testing the recent local lows. Source: xStation5
Do investors fear the wall with Mexico again? USDMXN at its highest level since October 7. Source: xStation5
The initial increase in bond yields is being offset. Currently, 10-year yields are falling by almost 10 basis points. Source: xStation5
 
Meanwhile, Betfair shows that Trump's odds of winning are 71%. Previously, this rating was only 32%.
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Dollar sells-off following first US price drop in six years

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Warsh's Address to Congress: Zero Tolerance for Inflation, But No Change in Interest Rates?

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