2018-11-06
The Dollar fell on Tuesday as investors were cautious ahead of mid-term elections in the United States in anticipation of any consequences it might have on the world's largest economy.
 
The dollar has shaken this year, drawing on the strength of the US economy and rising interest rates.
 
Investors focused attention on Tuesday on whether the congressional election, which will show results at 2300 GMT, would disrupt the dazzling performance of the world's most liquid currencies.
 
The elections are expected to help the Democratic Party control the House of Representatives while Republicans are likely to continue to dominate the Senate.
 
Most analysts expect this to lead to the dollar's fall due to the belief that the chances of further fiscal stimulus are falling.
 
The dollar index, which tracks the performance of the greenback against a basket of six currencies, fell 0.1 percent to 96.246. It had the highest level in 16 months at 97.20 last week.
 
The euro rose slightly to $ 1.1417, up about 1 percent from the current low of $ 1.1301 touched on Aug. 15.
 
Against the yen, the dollar was up 0.1 percent at 113.35 yen, near a four-week high of 113.385 yen recorded last week.
 
Sterling was up 0.3 percent at $ 1.3085, its highest level in two weeks, after media reports suggested the EU and Britain might be close to agreeing on the terms of separation.