8 Hrs
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عربي21
Dollar falls on Dem win
The U.S. dollar index fell 0.32% on Wednesday to 101.51, heading for its biggest daily decline in three weeks. The Democrats’ victory and control of both the Senate and the House eased investors’ concerns about political disputes over the election results and boosted demand for riskier assets. The euro rose 0.38% and the pound sterling gained 0.43%, while U.S. stocks rose in early trading and oil prices fell. Expectations for U.S. interest rates changed little: the probability of an increase of at least 25 basis points at the December meeting rose to 82.6%, from 77.4% in the previous session.
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