- President Trump's tweet announced that negotiations with the House Democrat leadership had collapsed, and there will be no further talks until after the election.
- Many economists had been removing it from their Q4 GDP projections, but the market was caught wrongfooted. Risk came off. Equities were sold. Emerging markets were sold, and the dollar and yen were bought.
- The dollar is seeing yesterday's gains trimmed against the major currencies but has pushed above the JPY106 level, which it has not closed above in almost a month.
For further details see:
The Day After