Democrats Take Full Control of US Congress; Dollar Sinks, Gold Clears $4,000, Rupee Firms
Democrats have won control of both the US Senate and House in the November 3 midterms, flipping Republican seats in Texas, Ohio and South Carolina. The dollar fell to a one-month low, the US 10-year yield eased to about 4.91%, gold crossed $4,000 and Japan’s Nikkei dropped over 4%.
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Markets fear tighter scrutiny on AI data-centre growth under a Democrat-led Congress. In India, a weaker dollar is supporting the rupee, while Nifty IT is under pressure. Sensex turned flat by midday after a four-session rally, as AI-linked tech exposure and FPI flows stay in focus.