US dollar slides after Democrats’ midterm election win as growth fears rise

Concern over greater AI regulation, while investors move into US treasuries as Trump faces political gridlock Business live – latest updates US midterm elections – live updates The US dollar has fallen sharply after the Democrats won control of the Senate and the House in the midterm elections, sparking fears that greater regulation of AI could slow economic growth. The dollar hit a one-month low on Wednesday while coming under pressure from falling bond yields, as investors moved into US treasuries, viewed as a safe haven from the political gridlock anticipated during the rest of Donald Trump’s final term in office. Continue reading...