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Data: FactSet; Chart: Axios Visuals

The dollar gained nearly 1% against the euro on Monday and rose to its highest since early August after about two weeks of declines.

Details: The dollar index, which tracks the greenback's value against six major global currencies, also strengthened, touching its highest in six weeks.

Why it matters: The dollar was the ultimate safe haven during March's selloff that saw global funds pour into the greenback as risk assets like stocks and oil declined at a record pace.

  • It reversed and moved lower as markets improved in the following months — going into Monday the currency was down nearly 5% since the start of Q3, and in July it suffered its worst month since 2010.

The big picture: The unwind of that trade could signal a broader market shift toward risk aversion.

  • The dollar rose almost across the board Monday, gaining against safe havens like the Japanese yen and Swiss franc as well as touching weekslong highs against commodity-linked currencies like the Canadian and New Zealand dollars, and emerging market currencies like the Mexican peso and South African rand.

Go deeper

Dion Rabouin, author of Markets
Nov 10, 2020 - Economy & Business

Earnings have been much better than expected in Q3

Data: FactSet; Chart: Axios Visuals

So far, 86% of S&P 500 companies have reported a positive EPS surprise for Q3, on pace for the highest percentage of companies reporting positive EPS surprises since FactSet began tracking the metric in 2008.

The big picture: Earnings for the S&P 500 in Q3 are on pace to decline by 7.5% from Q3 2019. That means S&P earnings are still headed for the third largest year-over-year decline since 2009, but the positive surprises have taken expected earnings up notably from an expected -25.3% on June 30.

Updated 3 hours ago - World

Reports: Up to 17 U.S. missionaries kidnapped in Haiti

Haitian soldiers guard the public prosecutor's office in Port-au-Prince earlier this month. Photo: Richard Pierrin/AFP via Getty Images

Children were among up to 17 American Christian missionaries and their relatives kidnapped by a gang in Haiti on Saturday, the New York Times first reported.

Details: The missionaries had just left an orphanage and were traveling by bus to the airport to "drop off some members" and were due to travel to another destination when the gang struck in Port-au-Prince, Haitian security officials said, per the NYT.

5 hours ago - World

Melbourne, "world's most locked-down city," to lift stay-at-home orders

Victorian Premier Daniel Andrews during a news conference in Melbourne, Australia, on Sunday. Photo: Quinn Rooney/Getty Images

Melbourne's stay-at-home orders will end five days earlier than planned, officials in Australia's second-biggest city announced Sunday.

Why it matters: The capital of the state of Victoria has had six lockdowns totaling 262 days since March last year. That means Melbourne spent longer under lockdown than "any other city in the world" during the pandemic, Reuters notes.