Market wrap: US elections taking the spot-light - Westpac

Analysts at Westpac offered a market wrap.

Key Quotes:

"Global market sentiment: Strong US GDP data only briefly boosted the US dollar. Later in the session, news of the FBI’s reopened investigation of Clinton’s emails pushed US equities and the dollar lower.  

Interest rates: US 10yr treasury yields spiked to 1.88% on the GDP data, but then dropped to 1.83% on the FBI news. The 2yr yield rose to 0.90% post-GDP and fell to 0.85% post-FBI.

Currencies:  The US dollar index closed 0.6% lower. The sharpest currency reaction to the FBI news came from the MXN which fell 2% to 19.10 on the news. EUR rose from 1.0900 to 1.0995. USD/JPY fell from 105.53 to 104.47. AUD initially fell to 0.7559 post-GDP but rebounded to 0.7604. NZD similarly dipped briefly to 0.7114 before rising to 0.7168. AUD/NZD ground lower from 1.0640 to 1.0600."