XE Market Analysis: North America – Oct 26, 2020

The dollar, pound and Australian dollar rose against most other peer currencies, with the euro, Canadian dollar and, to a lesser extent, the yen among the weakening pack. This came against a backdrop of nervous asset markets. S&P 500 futures were showing a 0.9% decline as of the late London morning, European stock markets off sharply (Germany’s DAX by just over 2%), and most commodity markets were lower, too. Front-month WTI oil futures dropped about 3% in posting a three-week low at $38.42.