12 Oct: Growing hopes of a covid rescue package in the US underpin risk assets. US holiday Monday. Election headlines to drive direction

The US$ tumbled through some significant support levels on Friday, while stockmarkets continued their recent rally as the risk-on mood took hold ahead of the weekend, underpinned by a WSJ report that the White House is preparing a US$1.8 trillion coronavirus-relief proposal, partly closing the gap in negotiations with congressional…

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