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US presidential race becoming clearer – ANZ

Research Team at ANZ, suggests that watching the polls following the second presidential debate in the US will be key.

Key Quotes

“After fresh controversy saw Republican candidate Trump’s rating fall sharply last weekend, the debate was seen as an opportunity for Trump to draw the campaign back to the ‘issues’. Whether he was successful in the eyes of the people is yet to be seen, but the market has certainly made its mind up. The Mexican peso, which had weakened precipitously at the prospect of a Trump presidency, has now rallied nearly 5% from its lows.”

USD/JPY fails to resist above 104 handle

The USD/JPY pair meets fresh supply on a brief break above 104 handle, and now consolidates in familiar range below the last, as markets eagerly await
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