The US Dollar is extending higher on the back of disappointing consumer confidence data just crossing the wires as markets grapple with a risk-off tone amid a resurgence of Covid-19…
The S&P 500 index may continue to slide lower in the short term, despite Congress passing a much-needed fiscal aid package, as Covid-19 fears gnaw at market sentiment.
Crude oil prices receded from 10-month highs as a new coronavirus strain found in the UK threatened further lockdown measures. Backwardation spreads narrowed as demand from Asian refiners fell.