Dollar edges lower as US election outcome cheers global markets

TOKYO: The dollar edged lower on Thursday in the aftermath of an overwhelming victory by Democrats in US midterm elections that cleared a major source of uncertainty and fuelled a rally in global equities. The ​yen firmed after minutes of the Bank of Japan’s September meeting reinforced expectations for further interest ‌rate hikes, while sterling held near a seven-week high ahead of a Bank of England policy decision expected to deliver another rate increase. Democrats swept to sizable majoritie

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