The USD index (DXY) was showing a decline of over 0.6% as of the early European PM session, just ahead of the New York interbank open, as U.S. midterm election results showed Democrats wresting control of the House. The Republican’s retained control of the Senate, largely as had been predicted by polls. EUR-USD rallied to a two-week high at 1.1500 on the back of the broader decline in the Dollar. USD-JPY settled to around 113.0 after seeing some chop. Cable posted a three-week high at 1.3175, while USD-CAD declined to a three-session low at 1.3072.
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