Open Demo Account
Home / Economic Report / Daily Economic Reports / Dollar Retreats on US Election And EUR/USD Surges

Dollar Retreats on US Election And EUR/USD Surges

Adel 5 November, 2020 2:53 pm Daily Economic Reports, Economic Report, Market Update

The US dollar weakened against major currencies on Thursday as uncertainty over the US presidential election persists.

This morning the euro was trading at 1.1799 against the dollar. The EUR/USD recently jumped to a weekly high above 1.18 as investors are optimistic about Biden’s victory in the elections.

In the US elections, Democratic candidate Joe Biden is leading the way. The Trump campaign has pledged to challenge the results in a number of states, citing possible errors and other issues.

Tags

Check Also

Market Drivers – US Session: Markets Brace for UK Jobs Data and US Retail Sales Amid Dollar Pullback

The US Dollar hit a speed bump, snapping a four-day winning streak as the US …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends