Breaking: Risk of a contested election just got a boost

Policy Editor @BBCNewsnight has just tweeted that officials in Pennsylvania and Michigan say that counting mail ballots could take until 6th November.

Polls have closed in 16 more states in recent trade but there is a keen focus on Pennsylvania. 

Florida and Pennsylvania are a toss-up and crucial for the race

Biden calls Pennsylvania the cornerstone to the path to the White House and to block the way for Trump to win the election. 

Pennsylvania has a slow counting system as they couldn't open a ballot until 7 am US time today when polls closed. 

But a Biden win means it would be impossible for Trump to win and it has a high chance of being contested the longer it takes to count the mail-in ballots. 

It is risk-off out there which is notable in forex through AUD/JPY especially: