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.

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Dion Rabouin, author of Markets
Sep 30, 2020 - Economy & Business

Conference Board's surging consumer confidence reading may be an outlier

Data: Investing.com; Chart: Axios Visuals

The Conference Board's consumer confidence index rose to 101.8 in September from 86.3 in August after two straight monthly declines.

Why it matters: The reading was the largest increase in 17 years, the best reading since March and was nearly 12 points above consensus expectations.

Pence to continue traveling despite aides testing positive for COVID-19

Marc Short with Pence in March. Photo: Drew Angerer/Getty Images

Marc Short, Vice President Mike Pence’s chief of staff, tested positive for the coronavirus Saturday and is quarantining, according to a White House statement.

Why it matters: Short is Pence's closest aide, and was one of the most powerful forces on the White House coronavirus task force. Pence and second lady Karen Pence tested negative for the virus on Sunday morning, according to the vice president's office.

AOC: "Extremely important" that Biden offer Bernie Sanders a Cabinet position

Rep. Alexandria Ocasio-Cortez (D-N.Y.) said on CNN's "State of the Union" Sunday that she believes it's "extremely important" that Joe Biden offer Sen. Bernie Sanders and other progressive leaders Cabinet positions if he's elected president.

The big picture: Ocasio-Cortez was pressed repeatedly on policy differences between her and the more moderate Biden, including her opposition to fracking and support for Medicare for All. She responded that it would be a "privilege" and a "luxury" to be able to lobby a Biden administration on progressive issues, insisting that the focus right now should be on winning the White House.