XE Market Analysis: North America – Dec 11, 2020

The dollar rallied out of intraday lows as European stock markets and U.S. equity futures turned quite sharply lower. Asian markets fared better, while base metals and oil prices slipped. The risk of a no-deal outcome between the EU and UK in the Brexit endgame has risen markedly, while in the U.S. Democrat House Speaker Pelosi said yesterday that wrangling over an fiscal aid package could drag on through Christmas, just as Covid containing measures are becoming more restrictive and extensive across the country.