Dollar higher as investors look past US midterms to inflation data
Republicans made modest gains in the midterms but Democrats performed better than expected, as control of the Senate hinged on three races that remained too close to call.
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Republicans made modest gains in the midterms but Democrats performed better than expected, as control of the Senate hinged on three races that remained too close to call.
Importers from Ghana to Pakistan have struggled to pay for cargoes, risking shortages and adding to global food inflation
The dollar slipped against most major currencies on Thursday as the positive impact of hawkish Federal Reserve comments faded.
The dollar climbed 0.43% on Monday to 135 yen, a 20-year peak, and edging closer to the 2002 high of 135.20.
Helping to mellow the mood was news that Shanghai authorities will cancel many conditions for businesses to resume work from Wednesday, easing a city-wide lockdown that began two months ago.