The dollar disappeared near its lowest level in nearly three years on Thursday after Democrats won control of the U.S. Senate and paved the way for a major fiscal stimulus under President-elect Joe Biden.To get more news about WikiFX, you can visit wikifx official website.
Currency markets were largely uninterrupted by scenes of chaos in Washington as supporters of outgoing President Donald Trump stormed Capitol Hill.
Analysts generally assume that a democratically controlled Senate would be a net positive for economic growth globally and thus for most risky assets, but negative for bonds and the dollar as the US budget and trade deficit could widen further.
It was slightly changed at 89,321 in early Asian trading on Thursday after falling to its lowest level since March 2018 at. 89,206 overnight.