Breaking News: EUR/USD gains ground as Democrats look strong in Florida

Yohay Elam FXStreet

Votes are being counted in the US Mid-Term Elections and Democrats are outperforming expectations in the all-important state of Florida. Democrats are enjoying significant leads in the races for Governor, the Senate, and also House races. According to FiveThirtyEight, Democrats now have a 95% chance of winning the House.

The US Dollar is falling and the EUR/USD is surging to 1.1467 at the time of writing. The GBP/USD is also on the move, trading around 1.3140.

Here is how the move looks on the broad daily chart. Click the image to see a live chart:

Live Coverage: Follow all the updates for the elections and currency movements

Kentucky 6th is the first district of interest. It voted for Trump by 15% but opinion polls showed a very tight race. Pundits say that a Democrat win in the district implies a "blue wave", an overwhelming win for the Democrats in the House. A Republican win leaves the door open for any result.

Also in Kentucky, the race is surprisingly close, a result that implies a significant advantage for the opposition party.

Update: The Republicans are seeing improving chances according to the latest numbers.

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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