Dollar takes a hit as Democrats' midterm victory lifts global markets

The US dollar fell to a more than one-month low after Democrats secured majorities in both chambers of Congress.
The dollar index slipped 0.22% to 101.25, while the euro and yen strengthened.
Global stocks and US Treasuries rallied as investors expected political gridlock to limit Trump’s policy agenda.
US 10-year Treasury yields fell to 4.847%, while oil prices dropped, boosting investor confidence.

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