also another safe haven have hardly moved. The dollar has risen roughly about 2% against emerging currencies.
Real yields have risen in September after a monetary policy strategy unveiled by the Fed last month that targets inflation has not convinced markets that it would be successful in encouraging a rise in consumer prices. The central bank said last month it will now target an inflation rate that averages 2% over time.
"The performance of safe assets this September has been the worst in at least a decade during a major equity market drawdown," JPMorgan strategists said this week. This will likely be caused by falling uncertainty around the US election and positive vaccine developments.
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