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2016.11.0801:48:00UTC+00Dollar Climbs with Positive Sentiment Over Clinton Victory

The U.S. dollar climbed with uplifted sentiments from investors that Democratic representative Hillary Clinton may win the U.S. presidential elections. The Wall Street Journal Dollar Index increased 0.5 percent to 87.99.

The Japanese yen declined 1.3 percent as the Swiss franc was down 0.6 percent versus the dollar. The Mexican peso climbed over two percent against the dollar. The newest Wall Street Journal/NBC News polls have shown that Clinton holds a 4-point lead over Trump. Clinton's victory is expected to be less disruptive for markets and is also acknowledged as more supportive for the U.S. interest-rate hike by year-end. Fed-funds futures have shown a 76 percent likelihood of a U.S. interest-rate hike in December, according to CME Group data.

The pound fell one percent at $1.2399. The British currency has recently been jolted by news of a possible parliamentary argument regarding Prime Minister Theresa May's plan to leave the European Union.

Tags: USD
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