XE Market Analysis: North America – Oct 19, 2020

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The dollar and yen softened against other currencies as risk-on positioning ensued. Pfizer said it could have a vaccine ready by year-end, and with House Speaker Pelosi saying on Sunday that she was confident that a comprehensive U.S. aid package could be legislated for by the November-3 elections. And while Q3 GDP data out of China disappointed, a slew of September numbers, including industrial production, retail sales and unemployment, beat forecasts and signalling an acceleration in economic activity. S&P 500 E-minis were showing a 0.9% gain as of the early London afternoon.