The dollar's rebound may have enough momentum to ignore the impact of the US midterm elections; high interest rates and surging AI-related spending are attracting capital inflows. Investors believe that regardless of the election results, the main drivers of the strengthening of the US dollar are unlikely to change; the exchange rate market is more driven by relative economic growth, inflation, interest rates, and capital flows. A split government may provide some stability to financial markets, including the US dollar, and the Federal Reserve is expected to restart interest rate hikes or further boost the dollar.

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