• The US Dollar stretches further up against most major G20 currencies.
• US equities are falling further while markets calibrate the new normal for the Fed interest-rate outlook. 
• The US Dollar index sets forth its October rally and enters a crucial technical area. 

The US Dollar (USD) strengthens further on Wednesday, fueled by uncertainty ahead of the US presidential election and safe-haven inflow after equities extend their downbeat performance. Meanwhile, US bonds are continuing to sell off, which means US rates are surging with the US 10-year benchmark having rallied from 4.07% on Monday to 4.23% on Wednesday. The King Dollar is back on the scene and might even accelerate further as uncertainty picks up ahead of the November 5 election. 

On the US economic front, a very light calendar is ahead for markets to digest on Wednesday. Besides the Existing Home Sales numbers, nothing really from an economic data view that could alter the current stance. Rather look at US earnings where heavyweights Tesla, IBM, Boeing and Coca cola are due to release earnings.