NEW YORK | Markets Right Now: Dollar slides amid US gridlock concerns

NEW YORK | Markets Right Now: Dollar slides amid US gridlock concerns

NEW YORK — The latest on developments in financial markets (all times local):

5:30 a.m.
The dollar has weakened in the wake of the U.S. midterm elections which saw the Democrats win control of the House of Representatives and the Republicans hold onto the Senate.

The currency was down 0.3 percent at 113.09 yen while the euro advanced 0.5 percent to $1.1485.

The decline appears related to uncertainty over whether there will be political deadlock in Washington.

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