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Dollar Slides as Democrats Sweep Congress — EUR/USD Tests 1.1270 With the Bank of England Next
The US dollar fell across the board on Wednesday as midterm results confirmed Democrats had captured both chambers of Congress, and EUR/USD was one of the clearest beneficiaries. The pair climbed to a fresh two-week high above 1.1250 early in the day before retreating toward 1.1230, while the dollar index traded near 101.45, below its 101.535 level and its falling trendline. Sterling did even...
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