US Pres. Trump: There was a large number of secretly dumped ballots as has been widely reported

US President Donald Trump retake his twitter handle to convince markets of Republican victory in election during the early Thursday morning in Asia, Wednesday night for the rest.

Tweets

With his Democratic rival Joe Biden’s latest victory in Michigan, Fox projects 264 seats for him versus 270 required.

FX implications

Although odds of a blue wave have already receded, a Democratic victory is considered market friendly. However, AUD/USD seems to dislike the announcements as US President Trump keeps blocking the Democrats’ road to the White House and increases market uncertainry.

Read: Biden wins Michigan

EUR/USD steadies around 1.1720 after bouncing up from 1.1600

The euro is consolidating around 1.1720 on the late US session after having bounced at 1.1600 lows on early trading on Thursday in a volatile market a
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Italy locks down financial capital Milan and much of industrial north – Reuters

Amid a slew of US election updates, Reuters came out with the news suggesting worsening of the coronavirus (COVID-19)-led restrictions in Italy. The r
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