Nervous Calm Hangs Over The Markets

Summary

  • The dollar is in mostly narrow ranges today, but the Antipodeans and Scandis are the strongest.
  • Emerging market currencies are mostly firmer, but there are a couple from Asia Pacific and Central Europe that are softer, such as the Mexican peso.
  • The US 10-year yield is up nearly two basis points to 4.30%.
Currency and Exchange Stock Chart for Finance and Economy Display

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Overview

A nervous calm hangs over the markets as the US goes to the polls. The proximity of the presidential contest warns that the results may not be known as soon as people hope. Indeed, many fear the voting simply begins

Marc Chandler has been covering the global capital markets in one fashion or another for 25 years, working at economic consulting firms and global investment banks. A prolific writer and speaker he appears regularly on CNBC and has spoken for the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009 Chandler was named a Business Visionary by Forbes. Marc’s commentary can be found at his blog (www.marctomarket.com) and twitter www.twitter.com/marcmakingsense

 

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