FILE PHOTO: A U.S. dollar note is seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic
The yen is up about 0.7% for the week, its sharpest weekly rise since mid September, as investors who expect turbulent trade around the Nov. 3 election head for some shelter.slipped 0.1% to $1.1800 and the Australian dollar also handed back a small early-morning gain during the Trump-Biden debate. Both currencies remain more than half a percent ahead on the dollar over the week.
The dollar has been sold because the prospect of stimulus has supported investors’ mood. A Biden victory, which polls predict, is seen as more likely to drive further dollar weakness as he is expected to spend more on coronavirus aid than Trump.
It is good that the dollar is stable and firm. I believe with all my heart that Donald trump will win the election. But if for some reason it doesn't happen... I'll probably have to bring down the international value of the dollar catastrophically... Forgive me
It is good that the dollar is stable and firm. I believe with all my heart that Donald trump will win the election. But if for some reason it doesn't happen... I'll probably have to bring down the international value of the dollar catastrophically... Forgive me 😔💖
Lets do the numbers...
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Housing Boom: Sales of Million-Dollar Homes DoubleA housing market boom exposes a very uneven economic recovery: Sales of homes costing $1 million and up more than doubled since last year — while sales of $100,000 to $250,000 homes only saw a 4% gain. More first-time buyers are getting priced out. Maybe the Biden's can loan me some $$$. Yeah that's the result of the 2017 tax cut for the uber rich and an exploding stock market juiced up by Jerome Powell! Soon.....all closings will have a nice fee added to them. A .5% fee which is about $1400 on average. Freddie and Fanny need to make up some serious cash since they never funded the mortgage industry back in May. Now everyone pays.
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Asian investors prepare for choppy trade as U.S. stimulus talks drag onAsian investors prepared for rough trading on Thursday after a bumpy session on Wall Street amid fears that agreement on a key U.S. stimulus bill will not be reached until after the presidential election on Nov. 3.
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