The US Dollar fell to the lowest level since October 22 at 95.68, following the midterm results of the US Congress, which split between Democrats and Republicans.
Democrats won a majority of 219 seats in the House of Representatives compared to 193 Republicans, while Republicans retained their majority in the Senate by 51 seats to 45 Democrats. This split may be a barrier in the way of US fiscal policy, which Trump announced about it earlier this year.
Also, the yield on 10-year US Treasury bonds fell 4 points to 3.18%.
On the other hand, the euro managed to hit its highest level in two weeks at 1.15, taking advantage of the dollar's decline after the elections, and rose more than 1% from its lowest level this year, which reached mid-August at 1.13 levels.
The New Zealand dollar also gained against its US counterpart to a three-month high of 0.6788, following more upbeat employment data, with unemployment falling to a 10-year low of 3.9% and employment at historic highs by rising of 1.1% During the third quarter of 2018.
