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Relief Aid Seems a World Away

The US index advanced 0.26% higher on Monday, settling just above the 93 handle.

Fading stimulus prospects and continued pandemic fears shifted appetite back to the dollar. USD price action is strengthening amid intensifying uncertainty around the upcoming election.

In addition, traders expressed concerns with US lawmakers over further relief aid. This saw a basket of the main indices drop in yesterday’s session, with the Dow being the biggest casualty as it dropped over 2%.

Meanwhile, the S&P 500 and Nasdaq Composite sank 1.8% and 1.6%, respectively. It marked the worst day since September for both.

WHO Reveals More Detrimental Figures

The euro closed 0.38% lower yesterday as more bleak news against the eurozone came to light.

The stronger greenback did not help as the pandemic infection numbers keep increasing, dampening investor sentiment as further restrictions take effect.

Data from the World Health Organization indicates that Europe recorded ...

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