Dollar Slides as US Election Lowers Yields
The dollar fell to its lowest level in over a month following Democratic victories in US midterm elections. The political shift pushed Treasury yields and oil prices lower while sterling and the yen gained ground.
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The dollar index fell 0.22% to 101.25 on Thursday in United States following a Democratic victory in midterm elections, which drove Treasury yields and oil prices lower. The political shift sparked positioning adjustments across global markets, pushing benchmark 10-year Treasury yields down 4.5 basis points. Investors are now weighing how the new congressional balance will impact upcoming fiscal and monetary policy decisions.
