Daily Market Comment – Yen on the up, stocks slump as risks mount; dollar looks to flurry of Fed speakers
Posted on September 21, 2020 at 9:14 am GMTWorsening virus outlook casts shadow as US election risks, low prospect for fiscal stimulus add to worries Yen outperforms but dollar subdued before Fed begins charm offensive Stocks selloff accelerates after Wall Street falls for third straight week Fresh lockdown fears dampen mood An unrelenting rise in coronavirus cases globally is weighing on sentiment at the start of the trading week as investors increasingly question their rosy predictions about the recovery. Europe is at the centre of the latest resurgence, [..]