US Dollar Rises as a Long Wait For Election Results Looms

The US dollar gained and risk-sensitive currencies weakened on Wednesday, November 4th, as early results from the US presidential election show a tight convergence in the race.

US President Donald Trump is ahead in states including Florida and Ohio, as investors await whether he can retain the states of Michigan, Wisconsin and Pennsylvania, where his victory contributed to his 2016 election victory.

Regarding the major currencies, the euro fell by up to 1% to a low not seen since late July, and in the most recent transactions, it reached $ 1.1665, down 0.45% during the day.

The Australian dollar lost 0.6% to $ 0.7120, while the British pound fell 0.5% to $ 1.2983. The Canadian dollar lost 0.7% to 1.3225 Canadian dollars against its US counterpart. All of these currencies have fallen by more than 1%.

The Japanese yen fell 0.35% to 104.87 against the dollar. The dollar index, which measures the performance of the greenback against a basket of currencies, added 0.3% to 93.82