Dollar keeps to tight ranges as investors brace for U.S. elections 3:40am EST [Reuters]
Mizuho Financial Group, Inc. Sponosred ADR (Japan) (MFG)
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Source: Reuters
Dollar keeps to tight ranges as investors brace for U.S. elections | Reuters 3 Min Read TOKYO (Reuters) - The dollar stuck to tight ranges against its major rivals on Tuesday as investors favoured caution ahead of U.S. midterm elections later in the day. The U.S. congressional election is widely expected to boost the Democratic Party, which has a strong chance of winning control of the House of Representatives, with Republicans seen likely to keep the Senate. “Markets are increasingly pricing in the possibility of a victory for the Republicans - even in the House,” said Masafumi Yamamoto, chief currency strategist at Mizuho Securities. A Republican victory in both chambers was likely to boost the U.S. dollar, Yamamoto said. But a sharp rise in U.S. Treasury yields following the elections might lead to selling of U.S. equities. “If there will be another big round of sell-offs in the U.S. equity market, then I think that’s not necessarily positive for the dollar,” he said. The dollar in
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MFG
Sec Filings
- 2/26/24 - Form 6-K
- 2/22/24 - Form 6-K
- 2/22/24 - Form 6-K
- MFG's page on the SEC website