Today’s calendar features US PMI for September, an index which has forecasted correctly the GDP for the US the past 3 quarters. Yesterday’s market action was dominated in anticipation for the first presidential debate between Donald Trump and Hilary Clinton. Although polls show now a tie, markets are convinced that Hilary won the debate, as can be seen from the drop of the USD/MXP (Mexican Peso) and the rebound in stock markets. The next two debates are due to take place on 9 October and 19 October.
