Dollar Declines Ahead of US Midterms as Oil Falls; Bitcoin Steadies After Crypto Theft
- On Monday, the dollar and major currencies held steady as investors shifted focus to Tuesday's midterm elections, which could determine control of Congress.
- Americans head to the polls on Tuesday to determine whether Democrats can wrest control of Congress from President Donald Trump's Republican Party.
- Binance customers withdrew $3.64 billion, or 2.1% of assets, following a $6.3 billion heist last week, though the exchange recovered 95% of stolen funds.
- Andreja Cobeljic, head of derivatives trading at AMINA Bank, said hedge funds suffered "significant losses" in October, leaving markets with "little capacity" to absorb election surprises.
- Standard Chartered's Eric Robertsen noted polling suggests strong anti-incumbent sentiment, yet election outcomes remain uncertain, as seen in Brazil and Israel.
51 Articles
51 Articles
Dollar declines ahead of US midterms as oil falls; bitcoin steadies after crypto theft
NEW YORK, Nov 2 : The dollar eased on Monday as oil prices tumbled and equities climbed ahead of a week full of catalysts, including the US midterm elections, a host of data on the US labor market and multiple central bank rate decisions. Crude prices tumbled about 6 per cent as continuing talks between Irani
The dollar falls abroad and the euro rises on Monday, as investors prepare for an intense week, marked by the mid-term elections in the United States and by decisions on interest rates by the central banks of the United Kingdom, Australia, Norway and Sweden, as well as Brazil. At around 8:20 a.m., the DXY index – measuring the relationship between the dollar and a basket of developed countries' currencies – fell 0.19% to 101.68 points, reaching …
The dollar and other major currencies were largely steady on Tuesday as investors turned their attention to the U.S. midterm elections this week. The euro remained near a 17-month low of $1.1159 in early Asian trading, weighed down by Fitch Ratings' revision of its outlook for France to "negative" from "stable" after markets closed on Friday. Sterling was little changed at $1.3387, while the dollar index, which measures the greenback against a…
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