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US dollar slides after Democrats’ midterm election win as growth fears rise
- The US dollar fell to a one-month low on Wednesday after Democrats won control of both chambers of Congress in the midterm elections, as investors weighed the possibility of tighter regulation of the artificial intelligence sector and its impact on economic growth.
- The dollar index, which measures the US currency against a basket of six major peers, dropped to 101.41, its lowest level in a month.
- Investors were concerned that a Democratic-controlled Congress could increase scrutiny of the technology sector, particularly artificial intelligence and data-centre projects, which have helped drive…
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