XE Market Analysis: Europe – Oct 23, 2020

The dollar is trading moderately firmer against most other currencies, with the yen being the exception. Global stock markets are lacking direction, although the surface calmness belies an underlying skittish sentiment with hopes fading for a pre-election fiscal stimulus deal in the U.S. and with the looming elections inspiring a degree of reservation in investment decisions. Regarding the U.S. elections, polls point to a Biden presidency, but it is less clear if his Democratic party can take control of the Senate.