XE Market Analysis: Europe – Sep 11, 2020

The dollar and yen ebbed moderately, especially against the dollar bloc currencies, which lifted concomitantly with a rebound in U.S. equity index futures after another sharply negative close on Wall Street yesterday. Global stock markets are still set for their first down week since March. In the U.S., the failure of the Senate to gets its “skinny” $500 bln relief measures through a procedural vote seemed to hit a nerve, while Leader McConnell said it was a toss up whether the Republicans would retain the Senate at the upcoming election on November 3.