Business
US dollar slides to a one-month low after Democrats win Congress
November 4, 2026 at 10:57 AM
The dollar hit a one-month low on Wednesday after the Democrats won control of both chambers in the midterm elections, as investors weighed possible AI regulation.
- The Democrats won control of both the Senate and the House in Tuesday's midterm elections, taking Senate seats in Texas, Iowa, North Carolina and South Carolina.
- The dollar index fell 0.6 percent to 101.27 on Wednesday, its lowest level in a month.
- The 10-year Treasury yield dropped about five basis points to 4.915 percent.
- Gold rose 2.2 percent to above $4,000 an ounce.