Dollar nears multi-year lows as Democrats win Senate

07.01.2021 - Korneychuk Evgeniya
Dollar nears multi-year lows as Democrats win Senate

The dollar sat near a three-year low on Thursday after Democrats won the U.S. Senate, paving the way for a bigger stimulus package under President-elect Joe Biden.

Currency markets barely budged amid the chaos in Washington as supporters of outgoing President Trump swarmed U.S. Capitol.

The dollar index climbed 0.1% to 89.444 in Asian trade but hovered near an overnight low of 89.206, its lowest level since March 2018.

The risk-sensitive Aussie slid 0.1% to 77.950 U.S. cents after hitting a near three-year high of 78.195 on Wednesday.

The euro was flat at $1.23260. The dollar slipped 0.1% to 103.145 against the Japanese yen. The dollar index suffered a 7% decline in 2020 and a 0.9% drop in the new year.

The yuan was flat at $6.4596, while the pound dropped 0.2% to $1.3589. 

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