The dollar sank to its lowest level in over two months against a basket of currencies on Friday as a Biden victory looked more and more likely.
Non-farm payroll data was released at the end of last week, showing that the US economy added 638,000 jobs in October, falling from 672,000 in the previous month, but coming in above market expectations of 600,000. This was still the smallest employment gain since May, however, as the economy struggles with COVID-19 and the long-awaited stimulus bill from Congress is yet to be approved.
