forexsq - The US Dollar weakened in overnight trade as risk appetite swelled across financial markets â€“ weakening forex tradersâ€™ demand for the go-to haven currency â€“ in the aftermath of the US general election. The ballot handed victory to President Barack Obama while challenger Governor Mitt Romney conceded. As we argued yesterday, any outcome that produced a clear winner was likely to be greeted by investors hopeful for a swift re-orientation toward resolving the looming â€śfiscal cliffâ€ť fiasco.
Looking ahead, a quiet economic calendar is likely to keep the election front and center as financial markets around the world take their opportunity to respond to the results. S&P 500 stock index futures have erased earlier losses ahead of the opening bell on Wall Street, suggesting the risk-on bias into the hours ahead. Investorsâ€™ chipper mood may not prove lasting however, opening the door for the greenback to mount a swift recovery.
- 1Payrolls Rise Less Than Forecast, U.S. Jobless Rate Steady
- 1Job growth seen accelerating, leaving Fed closer to hike
- 3Fed leave rates unchanged, FOMC Statement
- 4Retail Sales in U.S. Rise as Consumers Unshaken by Turmoil
- 3Forex : Depth Missing When Needed in $5.3 Trillion-a-Day Currency Market
- 3Oil Price Will Go Lower Than $20, Goldman Says
- 3Forex : Which Country WillÂ Devalue Their Currency Next?
- 3BOE Says Global Turmoil Hasnâ€™t Shaken Its Economic Outlook
- 3Australia Labour Force, Unemployment increased
- 3U.S. unemployment rate hits 5.1%, lowest in 7 years
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