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Dollar edges lower as US election outcome cheers global markets

The US dollar weakened on Thursday after Democrats secured large majorities in both chambers of Congress, easing concerns around the midterm election result and helping lift global equities. Business Recorder reported that the dollar index slipped 0.06% to 101.41, following a 0.36% drop in the previous session, while the euro rose 0.12% to $1.1241. The…