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US dollar treads water ahead of U.S. mid term elections, RBA holds steady
The dollar held in tight ranges versus its major rivals on Tuesday with investors putting discretion before valor as they counted down to the U.S. midterm vote, the first major electoral test of President Donald Trump’s big tax cuts and hostile trade policies. The U.S. congressional election is widely expected to boost the Democratic Party, which has a strong chance of winning control of the House of Representatives, with Republicans seen likely to keep the Senate. “We know that dollar bulls like the Republican controlled Congress because it supports Trump’s policies. So if the Republicans maintain control of ... (full story)
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