XE Market Analysis: North America – Jan 06, 2021

The dollar has tumbled to fresh major-trend lows as markets discount a possible Democrat sweep, with one of its Senate candidates, Warnock, having been declared winner in one of the two Georgia runoff elections, and the other, Ossoff, showing a slim lead in the vote count so far in the other election. Democrats need to win both to level the Senate at 50-50. Control would then swing to the Democrats due to the tiebreaker vote of Vice President-elect Kamala Harris.