⁍ U.S., Russia and France set new daily records for new COVID-19 infections.


⁍ Spain announced a new state of emergency and Italy has ordered restaurants and bars to shut.


⁍ On the stimulus front, U.S. House Speaker Nancy Pelosi said on Sunday she expected a White House response on Monday.


– The dollar rose for a second straight day against the euro and other major currencies today, as investors looked for a safe place to park their money in the event of a global economic downturn, Reuters reports. The dollar also rose against the Japanese yen, but fell against the Australian dollar and Canadian dollar. “The market is getting nervous,” said an analyst. “The danger is obviously if the case counts continue to rise as they have and we have to start additional restrictions, or curfews, or lockdowns in North America, although we have been told repeatedly by the government that they don’t want to do that. The euro, which has the largest percentage share of the dollar index, fell 0.4% to $1.1811. It slipped earlier after the German Ifo business climate index fell for the first time in six months in October. The dollar also rose 0.1% against the Japanese yen to 104.87. Speculators remain short the US dollar, the latest data from the Commodity Futures Trading Commission showed, though the number of shorting contracts declined in the last couple of weeks. “One of the permutations is a Democratic win, but no control of the Senate. Is it a complete blue sweep or is it something else?,” said the analyst. “If we don’t get a blue sweep, then the stimulus won’t be big enough.”



Source: https://www.reuters.com/article/uk-global-forex/dollar-gains-in-surge-in-covid-cases-us-stimulus-worries-idUSKBN27B00T