According to front-line traders in Asia, leverage accounts are selling Australian against the yen and expect short trades to continue after the debate. AUD / JPY kicked off the sell-off session after the debate didn’t cover many environmental issues, and Asian traders were waiting for just that. The cross fell 0.3% to 75.15 and ranged between 75.07 and 75.38.
US futures fell more than 1% in intraday trading and the dollar spot index rose 0.1% . Bloomberg received such information from traders aware of the transactions during the debate. They also say that a victory for Biden would mean a complicated and “dirty” transfer of power.
AUD / USD receded after a test of the 200-period average just above 0.7140.
EUR / USD rose and turned traders’ stops, and is now around 1.1729. Investors have turned to the level of 1.1762, because of the forecasts that rebalancing flows will reduce the dollar.
The pound continues to hard try to rise above 1.2900 with GBP / JPY , which is also in the 100-period close to 135.90 for the third day already.
Source: Bloomberg Pro Terminal
Junior Trader Kameliya Ivanova