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via fxstreet.comMarkets

US dollar weak near five-week lows ahead of jobs data after midterms

FROM THE WIRE · FXSTREET.COM

The US Dollar (USD) has traded broadly on the back foot on Wednesday, at some point retreating to the area of five-week lows as market participants were assessing the Democrats’ stunning victory at the US midterm elections.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA weaker dollar after the midterm vote can affect FX and Fed expectations.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The US dollar traded broadly weaker on Wednesday, near five-week lows.
  2. 02Market participants are assessing the Democrats' midterm election victory.
  3. 03Attention is on upcoming US jobs data.

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