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U.S. dollar rises on Election Day

NEW YORK
2016-11-09 05:00

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The U.S. dollar climbed against most major currencies on Tuesday as investors were awaiting the outcome of the U.S. presidential election.

The greenback rallied in the previous session after the Federal Bureau of Investigation (FBI) again cleared Democratic presidential nominee Hillary Clinton over her use of a private email server FBI Director James Comey on Sunday informed U.S. House members that the FBI has not changed its July advice not to charge Clinton over her use of personal email server during her stay in the State Department.

The news continued to boost Clinton' s campaign on Tuesday' s U.S. presidential election, sending the greenback up nearly 0.2 percent during the session.

Analysts said investors in general view a Clinton victory as the better outcome, as it presents fewer unknowns and possibly more stability for markets than the winning of her Republican rival Donald Trump.

The dollar index, which tracks the greenback against six major peers, was up 0.14 percent to 97.920 in late trading.

In late New York trading, the euro fell to 1.1020 dollars from 1.1040 dollars, and the British pound dropped to 1.2393 dollars from 1.2397 dollars.

The Australian dollar rose to 0.7747 dollars from 0.7718 dollars.

The dollar bought 105.05 Japanese yen, higher than 104.52 yen in the previous session.

The dollar inched up to 0.9777 Swiss francs from 0.9751 Swiss francs, and it declined to 1.3326 Canadian dollars from 1.3370 Canadian dollars.

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