XE Market Analysis: North America – Nov 11, 2020

The dollar has firmed against the euro and other European currencies outside the case versus the pound, which posted two-months against both the dollar and yen, while holding steady-to-lower against the dollar bloc. The risk-on mood has continued. Europe’s Stoxx 600 equity index rallied to its best levels in eight months, and S&P 500 E-mini futures were showing a gain of nearly 0.8% as of the early afternoon in London. The 10-year U.S. T-note yield rose 1.5 bp to a new eight-month high at 0.979%. Commodities were mixed, however, though oil prices gained more than 3%.