Biden Lead Boosts Yuan – 4 November, 2020

The dollar eased against major currencies and fell to an over two year low against the yuan on the edge of the very close U.S. presidential election, while sterling dipped to the dollar as the Bank of England announces a policy decision on interest rates. The euro was mostly steady at $1.1738, while the pound dipped 0.28% to $1.2957. Against the euro, sterling fell 0.34% to 90.56 pence. At its highest in over two years, the yuan rose to 6.6381 per dollar as investors look to the Chinese currency as the U.S. election moves closer to a Biden victory.