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The dollar bounced after sinking to its lowest level in nearly three years on Wednesday, with markets anticipating a Democrat win in the U.S. Senate election in Georgia that would clear the path for a larger fiscal stimulus package. ....
FOREX-Dollar sinks as investors weigh Democrat gains in Georgia Reuters 1/6/2021 By Tom Westbrook and Scott Murdoch Dollar falls to fresh lows on most majors Euro, yen rise past major resistance Democrats seen winning control of U.S. Congress By Tom Westbrook and Scott Murdoch SINGAPORE/HONG KONG, Jan 6 (Reuters) - The U.S. dollar slipped on Wednesday as Democrats took the lead in runoff votes that will determine control of the U.S. Senate and possibly pave the way for a big spending administration under President-elect Joe Biden. The euro rose past major resistance to a new 32-month high and the greenback struck multi-year lows on the Swiss franc and the Australian and New Zealand dollars. Against a basket of currencies, it hit its lowest since April 2018. Analysts generally assume a Democrat-controlled Senate would be positive for economic growth globally and thus for most riskier assets, but negative for bonds and the doll ....