Joe Biden's US election win pumps up risk assets, dollar nurses losses

Topics Oil price US | US Dollar | Currency

Traders work on the floor of the New York Stock Exchange. Photo: Reuters By Swati Pandey SYDNEY (Reuters) - Shares surged, oil prices jumped and the dollar stayed weak on Monday as expectations of fewer regulatory changes and more monetary stimulus under U.S. president-elect Joe Biden supported risk appetite.

The Democratic candidate's victory at the U.S. Presidential election was largely priced-in by markets, which had been trading with the view of a Biden presidency and a Republican-controlled U.S. Senate since.....

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