US dollar faces election uncertainty as polls open, Currencies Direct says
SPY•The US dollar faced selling pressure as polls opened amid election uncertainty, while falling oil prices reduced safe-haven demand and stronger-than-expected US manufacturing growth tempered losses.
1. Currencies move
Global oil prices fell more than 6% on Monday amid hopes for Middle East diplomacy, weighing on the Canadian dollar. Sterling gained support as UK 10-year gilt yields fell to their lowest levels since early September, while the euro rallied and the Australian dollar retreated after the Reserve Bank of Australia raised interest rates with dovish guidance.
