Dollar wobbles while investors await midterms; cryptos skittish

Published by
Reuters UK

By Tom Westbrook SINGAPORE (Reuters) – The dollar wavered on Wednesday, as traders awaited results from U.S. midterm elections and inflation data that could disappoint hopes for a slowdown in rate hikes, while cryptocurrency markets attempted to steady after news of a bailout of exchange FTX. The greenback has been under downward pressure from bets on the Federal Reserve easing back on interest rate rises and on China reopening and driving growth. It touched multi-week lows against the euro, Australian dollar and New Zealand dollar overnight, then edged off those levels early in the Asia sessi…

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