USD declines to lowest level since October 11

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# 09:06
3 November 2016

Baku. Ilkin Ahmadov – APA-Economics. Dollar continued to fall at today’s trade session. APA-Economics reports that this is caused by uncertainty that investors faced before the US presidential election to be held on November 8.

 

Despite the interest rates remained unchanged at 0.25%-0.5% at the two-day meeting of Fed, the officials hinted a rise in December. However, this has not eliminated the uncertainty either.

 

Although the survey indicates that Hilary Clinton will win the elections, the investors have also included Donald Trump in their future plans.

 

EUR rose 0.6% to USD 1.1125, which is the highest level since October 11.

 

USD fell 0.3% to CHF 0.9603.

 

Generally, dollar lost 0.22% to 97.176, which is the lowest level since October 11.

 

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