The dollar eased slightly as investors gauged the implications of US President Joe Biden’s decision to end his re-election campaign and clear the way for another Democrat to challenge Donald Trump.
The US currency slipped 0.03 percent to 157.435 yen. Commonwealth Bank of Australia strategist Joseph Capurso warned it’s too early to read much into the dollar’s reaction.
“The bottom line is what the polls show this week,” Capurso said, explaining a decline in odds for a Trump win should see the dollar weaken and vice versa.
“Harris might be a stronger candidate, but is it enough to turn the polls?”
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