EUR/USD, USD/JPY: Dollar retreats on midterm results, China services weaken
The US dollar retreated against major currency peers on Wednesday as the first results of the US midterm elections began to influence market sentiment. The source does not name specific pairs and reports no price levels, pip moves or percentage changes. At the same time, growth in China's services sector slowed to a three-month low, adding to the softer global macro tone. The source does not mention central bank commentary or technical levels. For traders, the main driver is US political risk as midterm results come in, which is pressuring the greenback across the majors. Further dollar direction is likely to depend on how the final election outcome shapes market expectations. Softer Chinese services activity is an additional factor for global risk appetite.
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EURUSD
USDJPY
GBPUSD
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