Market News
Dollar ticks lower as US election, likely Fed rate cut loom - REUTERS
By Wayne Cole
- Dollar down as dealers ponder election probabilities
- Fed and BoE priced to cut by 25 bps, Riksbank by 50 bps
- Eyes on possible China fiscal stimulus this week
Nov 4 (Reuters) - The dollar slid on Monday as investors braced for a potential pivot this week for the global economy as the United States chooses a new leader, and as it likely cuts interest rates again with major implications for bond yields.
The euro extended an early climb to be up 0.5% at $1.0891 and looked set to test resistance around $1.0905. The dollar fell 0.6% on the yen to 152.60 . The dollar index eased 0.1% to 103.80.
