The CBOE volatility index , often seen as investors' fear gauge, briefly rose to a two-month high above 20 percent.In the currency market, traders sold the dollar partly as they suspect Trump would prefer a weaker dollar given his protectionist stance on international trade.The euro rose to a three-week high of $1.1069, up about two percent from its 7 1/2-month low of $1.0851 hit just over a week ago. Against the yen, the dollar slipped to 104.03 yen from three-month high of 105.54 yen set on Friday. "If you had a long dollar position on the view that the dollar would gain because Clinton would win, you would surely close that position because her victory is less certain," said Koichi Yoshikawa, executive director of financial markets at Standard Chartered Bank. "And people were buying back the euro because that is the currency that had been being shorted the most against the dollar," he added.Other safe-haven assets were also favored, with the Swiss franc rising to 1.0782 franc per euro , its highest level since late June. interest rate futures are pricing in about 70 percent chance of a rate hike in December but virtually no likelihood of a hike on Wednesday.Oil prices tumbled to one-month lows as a trade group's report of larger-than-expected U.S. crude inventory added to concerns about oversupply from growing doubts over whether oil producing countries can agree on output cut later this month.Brent crude futures fell to $47.90 per barrel, having hit a low of $47.72 on Tuesday.Still, even as investors were moving out of riskier assets, copper bucked the trend, rising to a three-month high of $4,922 a tonne.- Reuters

Source: The Star November 02, 2016 00:53 UTC