{
  "id": 17798254,
  "title": "Greenback pulls back ahead of US midterms; Bitcoin stabilises after crypto heist",
  "url": "https://urgent.news/2026/11/02/greenback-pulls-back-ahead-of-us-midterms-bitcoin-stabilises-after",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T12:16:01.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/greenback-pulls-back-ahead-us-midterms-bitcoin-stabilises-after-crypto-heist"
  },
  "original_language": "en",
  "account": "The US dollar has weakened by 0.5% against a basket of major currencies as investors prepare for a busy week featuring the US midterm elections and central bank rate decisions in Britain, Australia, Norway and Sweden. Bitcoin and Ether showed slight rebounds following a record US$6.3 billion theft at Binance, the world's largest crypto exchange. Meanwhile, traders monitored developments in the Middle East, with hopes for a diplomatic solution to the US-Iran conflict driving Brent crude futures down 3.8% for the day. The greenback slipped to 101.45 against other major currencies, the lowest point in a month. Kit Juckes, head of FX strategy at Societe Generale, noted that investors are becoming more risk-friendly due to lower oil prices, which are also benefiting the dollar. Americans will vote on Tuesday to see if Democrats can take control of Congress from President Donald Trump's Republican Party. The euro rose 0.7% to US$1.1234, defying Fitch's downgrade of France's outlook from \"stable\" to \"negative\" after Friday's close. Sterling edged up to US$1.3445, while the yen remained unchanged at 157.64 per dollar. Japan's central bank increased its long and super-long term interest rates recently, as reported in its quarterly outlook. The Australian dollar held steady at US$0.7028 ahead of a policy decision on Tuesday, when the Reserve Bank of Australia is expected to raise its cash rate to a near-two-decade high of 4.85%. Bitcoin saw a 0.5% gain, reaching US$78,184.11 after hitting a six-week low on Friday. Ether climbed 1.5% to US$2,296.44, having dropped to a two-month low last week. Binance customers withdrew US$3.64 billion, or 2.1% of its assets, as the exchange resumed service after hackers stole US$6.3 billion. The Federal Bureau of Investigation suspects North Korea was behind the security breach, but Binance reassured investors that withdrawals are stabilizing and deposits remain substantial. Analysts believe this may be the world's largest financial heist. Sheng Siong shares fell over 9% to a one-year low, while Indonesian stocks experienced their worst plunge in nearly 30 years as MSCI proposed standalone status for the country.",
  "summary": "The American currency is down 0.5% against a basket of other major currencies",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}