Dollar Dips as Markets Brace for US Midterms
The US dollar eased and the euro rose as investors braced for the midterm elections and central bank rate decisions. Meanwhile, bitcoin stabilised following a record crypto heist at Binance.
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The United States dollar fell 0.3% to 101.63 against major currencies on Monday morning as investors prepared for midterm elections and central bank rate decisions. The drop follows a month-low touch earlier in the session, driven by risk-on positioning and falling oil prices. Markets face a packed political and monetary policy calendar across multiple jurisdictions this week.
