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FOREX-Dollar catches breath while investors await midterms; cryptos skittish

November 9, 2022
Source: devdiscourse.com devdiscourse.com
News Snapshot:
The dollar steadied on Wednesday as traders waited on results from U.S. elections and on inflation data that could disappoint hopes for the interest rate outlook, while cryptocurrencies were on edge as a major exchange faces a bailout. The greenback has been under downward pressure from bets on the Federal Reserve easing back on interest rate rises and on China reopening and driving growth. It touched multi-week lows against the euro, Australian dollar and New Zealand dollar overnight, then edged off those levels during the Asia session. The dollar last traded at $1.0071 per euro and bought 145.66 yen, after...
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