Dollar continues to hand back earlier session gains as the EUR/USD rebounds to 1.0775

As covered here earlier this morning, the prospect of Trump winning the US Presidential election pushed the EUR/USD down to a low at 1.0703. However, the rebound from there, already noted in a subsequent update, has now delivered a further rebound for the Euro and the Pound too. The GBP/USD is pushing up towards 1.2925 and the EUR/USD has just this minute risen slightly above 1.0775. Perhaps one reason for this might be due to the fact that NBC TV has sop far refused to call this Trump victory. Of course it is technically possible that Harris will win all the remaining college votes required to get her over the line, but at the same time Trump only needs another 4 and surely he will get those. The other thing on this, mentioned here earlier, is the prospect that Trump will look to push the dollar lower, as we know he has that mindset. The EUR/USD is currently trading at 1.0773