Despite the turbulent political climate last week in the United States, equities and currencies rose sharply. The expected confirmation of Joe Biden's election to the White House did not disrupt the markets.
Better still, the dollar rallied against the yen and the Swiss franc . The greenback ended the day lower against the Australian and New Zealand dollars, flat against the euro and the Canadian dollar . But still slightly up against the pound sterling . Oceanic currencies, on the other hand, posted the best performance in the market, benefiting from the Asian recovery.
In about ten days, Biden will be in charge to apply his ambitious recovery plan. Investors are retaining this part of the program for the time being and are ignoring the tax increases they feared.