"Dollar slips ahead of US election and as Fed rate cut looms"

From Reuters, November 3:

Summary

• Dollar down early as dealers ponder election probabilities
• Fed and BoE priced to cut by 25 bps, Riksbank by 50 bps
• Eyes on possible China fiscal stimulus this week

SYDNEY, Nov 4 (Reuters) - The dollar slipped in Asia on Monday as investors braced for a potential pivot this week for the global economy as the United States chooses a new leader, and as it likely cuts interest rates again with major implications for bond yields.

 

The euro rose 0.4% to $1.0884 but faces resistance around $1.0905, while the dollar fell 0.7% on the yen to 151.81 yen . The dollar index eased 0.1% to 103.79.

 

Treasury futures rallied 10 ticks, recovering some of the losses suffered on Friday....

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