Dollar dips as US election outcome remains uncertain, Fed rate cut looms

The dollar weakened in Asia on Monday as investors prepared for a potentially significant week for the global economy, with the U.S. set to elect a new leader and likely lower interest rates again, which could impact bond yields.

The euro increased by 0.4% to $1.0876, though it encounters resistance around $1.0905. Meanwhile, the dollar fell 0.3% against the yen, trading at 152.45 yen, and the dollar index decreased by 0.3% to 103.94.