ING Bank believes that if the Democratic Party wins control of both the House of Representatives and the Senate in the US midterm elections on Tuesday, the dollar may weaken in the short term. “If the Democratic Party wins both houses at the same time, the dollar may face some short-term pressure,” Francesco Pesole and other strategists said in the report. “The market has fully taken into account expectations that the Republican Party will lose control of the House of Representatives, but only partially into the scenario where the Democratic Party swept through both houses.”

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