
Why U.S. Midterm Results Triggered a Broad Dollar Selloff
Democratic control of Congress pushed the dollar to a one-month low as markets assessed AI regulation, policy gridlock and slower U.S. growth.
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Democratic control of Congress pushed the dollar to a one-month low as markets assessed AI regulation, policy gridlock and slower U.S. growth.

Nasdaq futures led a broad U.S. equity decline as investors weighed AI spending, data-center regulation, stretched valuations, and the risks facing technology-heavy markets.

Bitcoin bounced from $75,736 to about $78,500 as traders reassessed election risks, crypto legislation, and key technical levels.

Asian currencies gained as the dollar weakened amid U.S. political uncertainty, while PBOC action pushed the yuan to a two-week low and highlighted diverging regional drivers.

New Zealand’s unemployment rate reached 5.7%, weakening the kiwi and reducing expectations for further rate hikes. Here’s what the labour data means for markets and SimFi traders.

Oil prices are falling as possible U.S.–Iran progress reduces fears of prolonged supply disruption, but Hormuz shipping risks keep the market volatile.

Job openings beat forecasts while layoffs fell, reinforcing expectations for elevated rates and putting Treasury yields, the dollar, and risk assets under renewed pressure.

Turkey’s 29.77% inflation rate challenges rate-cut expectations, while hawkish ECB signals point to renewed risks for European bonds, currencies, and global markets.

China’s central bank is raising the foreign-exchange reserve requirement to 6%, tightening dollar liquidity and signaling that the yuan’s rally may be moving too fast.

EUR/USD approaches 1.1240 as ECB officials warn that inflation risks may require a December rate increase, strengthening the euro against a softer dollar.

Election uncertainty is weakening the dollar and stirring Treasuries and equity futures. Here’s how traders can interpret the cross-market signals and manage event risk.

The yen and won strengthen as the dollar retreats amid U.S. election uncertainty. Here is what the moves mean for Asian FX traders and the outlook ahead.