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Dollar edges lower as US election outcome cheers global markets
TOKYO: The dollar edged lower on Thursday in the aftermath of an overwhelming victory by Democrats in US midterm elections that cleared a major source of uncertainty and fuelled a rally in global equities. The yen firmed after minutes of the Bank of Japan’s September meeting reinforced expectations for further interest rate hikes, while sterling held near a seven-week high ahead of a Bank of England policy decision expected to deliver another rate increase. Democrats swept to sizable majorities in the Senate and House of Representatives, easing concerns about contested results and spurring g...
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