Monday, 28 Sep 2020 09:15 AM MYT
While a rebound in US stocks on Friday has helped to curb the ascent of the US dollar, deemed as a safe-haven, signs of slowdown in the nascent economic recovery and political uncertainties have kept investors on guard. Data from US Commodity Futures Trading Commission showed speculators held a net short position of US$33.989 billion , up from US$31.524 billion the week before and near the highest level in almost 10 years.
“Few people will be trying to bet on the election outcome. At least they will wait until tomorrow's TV debate,” said Kyosuke Suzuki, director of forex at Societe Generale.reported yesterday President Donald Trump paid extremely little in income taxes in recent years as heavy losses from his business enterprises offset hundreds of millions of dollars in income.
Source: News Formal (newsformal.com)
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