Trading The US Elections - page 2
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Dollar slumps in Asia as key U.S. battleground states eyed
The dollar slumped in Asia on Wednesday as results showed the U.S. presidential race too close to call in key battleground states, leading to safe haven asset demand.
USD/JPY changed hands at 102.72, down 2.33%. AUD/USD traded at 0.7683, down 1.02%, while GBP/USD gained 0.49% to 1.2445. EUR/USD traded at 1.1132, up 0.96%.
Voting outcomes in key states of Ohio, Florida, North Carolina, Pennsylvania, New Hampshire and Virginia remained too close to call, U.S. television networks said Tuesday evening, with exit polls and early trend results filtering in and leading to volatile markets Wednesday in the Asian time zone.
Results will be declared state by state. If the outcome is clear, the television networks are expected to make their official call at 11:00PM ET (04:00 GMT Wednesday).
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, slumped 1.03% to 96.86.