️🇺🇸 Reuters: The dollar weakened on Monday as Democratic victories in both houses of Congress boosted global stocks and U.S. government bonds.
The dollar index fell 0.25% to 101.22, while the euro and yen strengthened. Investors expect greater constraints on Trump's agenda, including military action against Iran and trade tariffs.
Expectations for the Federal Reserve's policy remained unchanged, with markets pricing in an 81% chance of an interest rate hike in December.