{
  "id": 18237282,
  "title": "Dollar edges lower as US election outcome cheers global markets",
  "url": "https://urgent.news/2026/11/05/dollar-edges-lower-as-us-election-outcome-cheers-global-markets-18237282",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T02:43:16.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40447521/dollar-edges-lower-as-us-election-outcome-cheers-global-markets"
  },
  "original_language": "en",
  "account": "The dollar saw a slight decline on Thursday following a resounding win by Democrats in the US midterm elections, which alleviated a significant source of uncertainty and sparked a rally in global equities. The Japanese yen strengthened as minutes from the Bank of Japan’s September meeting reinforced the expectation of additional interest rate hikes. Meanwhile, the British pound held near a seven-week high ahead of the Bank of England’s policy decision, which was expected to bring another rate increase. Democrats gained substantial majorities in the Senate and House of Representatives, easing concerns over contested results and boosting US Treasuries and equities worldwide. The election outcome raises the possibility of political deadlock in Washington and reduces the likelihood of US President Donald Trump resuming military operations against Iran, according to Ray Attrill, head of FX strategy at National Australia Bank. The dollar index, which gauges the greenback against a basket of currencies, dropped 0.06% to 101.41, following a 0.36% decline the previous day. The euro rose 0.12% to $1.1241, while the yen increased 0.08% to 158.25 per dollar. Despite the political shift in the US, the Federal Reserve’s interest rate outlook remained largely unchanged, with markets pricing an 81.2% likelihood of a 25 basis point rate increase at the December meeting, up from 77.4% the prior session. Oil prices continued to fall for a fourth consecutive day, driven by the reduced risk of an Iran war escalation. Meanwhile, the ADP National Employment Report indicated a rise of 86,000 jobs in October, surpassing economists' estimates of 69,000. This followed a series of labor market data releases throughout the week, which will culminate in the release of the official government payrolls report on Friday. Sterling gained 0.38% to $1.3462, after reaching a seven-week peak of $1.3503 prior to the Bank of England’s policy announcement. The pound was on track for its sixth consecutive daily increase, the longest streak since a seven-day run that ended on July 6. The Bank of Japan’s September meeting minutes, which indicated policymakers had raised rates to a 31-year high of 1.25%, underscored the expectation of further tightening. One board member even hinted at the possibility of more rapid increases. The Australian dollar strengthened 0.09% against the greenback to $0.701, and New Zealand’s kiwi climbed 0.12% to $0.5627. In the cryptocurrency market, bitcoin gained 0.60% to $80,660.59, and ether rose 0.45% to $2,428.15.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Dollar edges lower as US election outcome cheers global markets",
        "url": "https://urgent.news/2026/11/05/dollar-edges-lower-as-us-election-outcome-cheers-global-markets",
        "published": "2026-11-05T01:08:36.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Dollar edges lower as US election outcome cheers global markets",
        "url": "https://urgent.news/2026/11/05/dollar-edges-lower-as-us-election-outcome-cheers-global-markets-18227069",
        "published": "2026-11-05T01:21:52.000Z"
      }
    ]
  },
  "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."
}