The dollar is weaker this morning as a Biden victory is looking more likely. After winning in the key swing states of Wisconsin and Michigan, Biden has gained 264 electoral college votes to Trump’s 214, at the time of writing. 270 is needed to confirm the Presidency.
Several states are still counting their votes, mainly due to the large number of mail-in ballots that were submitted this year. There has been calls from Trump to stop the vote counting altogether once the in-person votes have been accounted for, however, every vote will be counted.
Nevada is a key swing state that is still counting their votes. 75% of the votes have been counted so far, with Biden narrowly in the lead. There is due to be an update about this state at 5pm this evening, UK time.
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