Friday, 12 Jul 2024

Dollar slumps versus rivals after U.S. midterm elections

LONDON (Reuters) – The dollar fell broadly on Wednesday against major currencies including the euro and the British pound as the outcome of a split U.S. Congress raised expectations that any major U.S. fiscal policy boost to the economy is unlikely for now.

The greenback fell 0.6 percent versus the safe-haven Swiss franc CHF=EBS and half a percent against the euro EUR=EBS, the Australian dollar and the Japanese yen JPY=D3 and 0.4 percent versus the pound GBP=D3.

Source: Read Full Article

Related Posts