Daily Archive: October 12, 2020

Short the dollar if Biden wins the White House, Goldman Sachs suggests

The dollar may tumble to its lows of 2018 on the rising likelihood of Joe Biden winning the U.S. election and progress on a coronavirus vaccine, according to Goldman Sachs Group Inc.

“The risks are skewed toward dollar weakness, and we see relatively low odds of the most dollar-positive outcome—a win by Mr. Trump combined with a meaningful vaccine delay,” strategists including Zach Pandl wrote in a note Friday. “A ‘blue wave’ U.S. election and favorable news on the vaccine timeline could return the trade-weighted dollar and DXY index to their 2018 lows.”

The ICE U.S. Dollar Index has fallen more than 3% so far this year — trading just over the 93 level on Monday — as investors reacted to unprecedented pandemic-related monetary stimulus from the Federal Reserve and rock-bottom interest rates. The gauge traded below 89 in 2018, a level which would imply a further slide of more … Read More

Court orders seizure of ransomware botnet controls as U.S. election nears By Reuters

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© Reuters. The Microsoft store is pictured in the Manhattan borough of New York City

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By Joseph Menn

SAN FRANCISCO (Reuters) – Microsoft (NASDAQ:) said Monday it had used a court order to take control of computers that were installing ransomware and other malicious software on local government networks and threatening to disrupt the November election.

The maker of the Windows operating system said it seized a series of internet protocol addresses hosted by U.S. companies that had been directing activity on computers infected with Trickbot, one of the most common pieces of malware in the world.

More than a million computers have been infected with Trickbot, and the operators use the software to install more pernicious programs, including ransomware, for both criminal groups and national governments that pay for the access, researchers said.

Trickbot has shown up in a number of public governments, which could be hurt

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