Monday 03:00 GMT. Equities across Asia and assets sensitive to the outcome of the US election bounced on a perception in the market that Hillary Clinton’s chances of being elected president had firmed.

The FBI said on Sunday it would take no action against Mrs Clinton following its investigation of new emails related to the probe of the presidential candidate. Markets were volatile last week after the FBI told Congress on October 28 that it was examining a batch of new emails related to Mrs Clinton’s private server.

Futures tip the S&P 500 to rise 1.3 per cent on Monday, which would end a nine-session losing streak for the US equities benchmark — its longest since 1980. Yields (which move inversely to price) on 10-year US Treasuries were up 4.6 basis points at 1.8224 per cent. The dollar index, a measure of the global currency against a basket of global peers, rose 0.4 per cent at 97.404.

The Mexican peso, which has become a popular market proxy of the presidential campaign, was up 1.7 per cent at 18.6936 per dollar after gaining as much as 2.5 per cent in early Asian trading.

“Apart from the Mexican peso, there was a relief rally in the US dollar, not only against the major currencies but also against Asian currencies. Over the past few weeks, the market demonstrated that a victory by Republican candidate Donald Trump [would be] a Brexit-like outcome, hurting the US’s economic outlook and America’s standing around the world,” said analysts at DBS.

The Canadian dollar was 0.2 per cent firmer at $0.7472, but had been as much as 0.8 per cent higher. Markets have taken the view that the outlook for the Mexican and Canadian economies would be uncertain should Mr Trump be elected US president, due to his anti-free trade rhetoric, which in turn has put the peso and loonie in the market spotlight.

The greenback weakened on Friday after data showed the US economy added fewer jobs than expected during October. But the currency’s recovery on Monday prompted weakness among most Asian currencies, with the Australian dollar and South Korean won, both up 0.1 per cent, among the exceptions.

Japan’s yen was 1.1 per cent weaker at ¥‎104.22 per dollar, making it the worst-performing Asian and major global currency. However, this provided some relief for Japanese exporters, which helped the broad Topix benchmark gain 1.1 per cent and pushed the Nikkei 225 up 1.4 per cent.

Hong Kong’s Hang Seng was 0.5 per cent stronger despite big losses for shares of property developers after the announcement late on Friday of new curbs on real estate purchases in the Chinese territory. Names such as Sun Hung Kai Properties, New World Development and Cheung Kong Property Holdings were all down more than 7 per cent.

Australia’s S&P/ASX 200 was up 1.2 per cent, but gold producers were the index’s worst performers as the FBI’s decision to take no action against Mrs Clinton dimmed the yellow metal’s appeal as a hedge against the potential uncertainty of a Trump presidency.

Gold was down 0.9 per cent in Asia at $1,292.42 an ounce. Shares in Saracen Minerals, Evolution Mining, Northern Star Resources and Resolute Mining were all down more than 4 per cent in Sydney.

Oil prices were also rebounding after declining last week. Brent crude, the international benchmark, was up 0.8 per cent at $45.95 a barrel, while West Texas Intermediate gained 1 per cent to $44.49.

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