XE Market Analysis: North America – Oct 07, 2020

The dollar and yen fell back against most currencies during the European morning, concurrently with a rally in U.S. equity index futures after Trump tweeted that he is ready to sign-off on a support scheme for airlines (totalling $25 bln), wage protection ($135 bln), and a $1,200 stimulus check. This helped offset his abrupt postponement of talks with Democrats on a new pandemic fiscal relief package, though the threat of new nationwide lockdowns in some European countries put a cap on European stock markets.