Dollar down as Democrats close in on Senate but equities struggle

The US dollar fell Wednesday as Democrats claimed the first of two key election runoffs that edged them closer to taking control of both houses of Congress, though Asian markets struggled after recent gains. The senate votes in Georgia have taken the focus briefly off the virus and vaccine rollouts, with the results deciding the fate of Joe Biden’s legislative programme for at least the next two years. Traders have for months been juggling long-term optimism and short-term worries with hopes that inoculations will mean life can slowly get back to normal. A surge in Covid cases globally, howeve…

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