Forex news for New York trading on November 8, 2016
Markets:
It’s US Election Day, so if there were any distractions like Fed’s Evan’s speaking ("December hike looking reasonable") or Canada housing starts or building permits, they really did not have an impact. Instead, the market took a early clue from a early exit poll that showed Clinton was doing better and the markets started to price in that idea. We wait for the "real exit polls" shortly, and for the voting polls closing and getting real voting tallies. It is still too early but "as Florida goes" is how the pundits are looking at it, but other states like NC, Georgia Ohio, Pennsylvania, New Hampshire, Wisconsin and Michigan will certainly have a say. They are saying that 130 million will vote. That would be a record.