Dollar Stems Losses as Investors Await Midterm Results; Cryptos Jittery

Dollar Stems Losses as Investors Await Midterm Results; Cryptos Jittery
A woman holds U.S. dollar banknotes on May 30, 2022. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

SINGAPORE/HONG KONG—The dollar steadied near its weakest in two months against the euro on Wednesday as traders waited on results from U.S. elections and on inflation data this week that will guide expectations for the interest rate outlook.

Cryptocurrencies were also top of mind for investors, as they stabilized after tumbling on Tuesday, when nerves about the stability of exchange FTX turned to a rush of withdrawals and ultimately a bailout deal from bigger rival Binance.