The dollar index against a basket of currencies crept above the 94 mark, after two days of losses that followed the dollar reaching a two-month high last week. — Reuters pic
“I don’t think that the USD recovery is related to the TV debate, which has, if anything, increased US political risks and should weigh on the USD”, said Thu Lan Nguyen, a foreign exchange strategist at Commerzbank. “I thought Biden did pretty well and so it’s no surprise to now see US share market futures down as investors have gone back to worrying about a contested election, a delay in the outcome and whether Trump will go peacefully if he loses”, said Shane Oliver, head of investment strategy at AMP Capital.The euro lost 0.18 per cent against the dollar at US$1.1722 .
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