The Dollar has rebound from declines seen yesterday as the U.S. midterms election results spelt out policy gridlock. The re-ascent of the greenback coincided with strong Wall Street gains, where the S&P 500 closed with a 2.1%, which is the best gain seen for the day of a midterm election since 1982. The USD index (DXY) has gained 0.3% so far today, and is now up 0.6% from yesterday’s two-week low, while EUR-USD has concurrently posted a two-day low at 1.1412. Cable and AUD-USD have seen similar price actions, while USD-CAD lifted back above 1.3100.
Recent News
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