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Dollar After Dems Win

Dollar After Dems Win

The dollar fell to a one-month low after Democrats won the U.S. midterm elections, amid investor concerns that tighter regulation of the artificial intelligence sector could weigh on economic growth. The dollar index stood at 101.41 points. The euro rose 0.4% to $1.1236 and sterling gained 0.46% to $1.3475, while the dollar fell against the yen and the Swiss franc. Analysts say whether the currency’s weakness continues will also depend on bond yields, momentum in the AI sector and economic data. They note that federal restrictions could face a veto from President Trump.

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