The US Dollar Index fell to around 101.25, its lowest level since late September, amid intense selling and heightened political uncertainty as midterm results emerged. Early results showed Democrats winning 42 House seats and Republicans 18, while Democrat Jon Ossoff won Georgia’s Senate race. US Treasury yields declined alongside the dollar and global stocks. Traders cited concerns that Democratic gains could slow infrastructure expansion.
The dollar weakened against the yen and the euro rose in Asian trading, while investors turned to Treasuries amid signs of Democratic gains in the midterm elections.
Read the full storyAsian chip stocks slid as investors tracked election results and concerns over tighter AI oversight, while major currencies rose against the dollar in later trading.
The US Dollar Index fell to 101.25 as early results showed Democrats leading in House seat counts and securing a key Senate victory in Georgia.