Dollar eases as traders await Georgia Senate vote count

06.01.2021 - Davydova Maria
Dollar eases as traders await Georgia Senate vote count

The dollar eased from its steady rise but was stuck in a selling pressure in Asian trade on Wednesday as traders awaited the result of a Senate election in Georgia to assess the market sentiment. 

The dollar fell from a major support level against the yen on Tuesday. It slid below a ten-month low of 102.60 before steadying on Wednesday.

The euro also fell from a 32-month peak of $1.2328 in early trade. The Aussie and the kiwi lingered just below multi-year highs, while the pound sat at $1.3614.

The dollar index sank to a new 2 ½-year low on Wednesday before gaining 0.1% to 89.575.

The result of the Georgia election could be released as soon as Wednesday morning, but the tightness of the count implies it could take longer. 

The Chinese yuan steadied at 6.4564 against the dollar on Wednesday. It rose 12% on the dollar since May of last year. 

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