Dollar eases as Biden ends reelection bid; yuan steady after rate cut

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Dollar eases as Biden ends reelection bid; yuan steady after rate cut
Donald TrumpKamala HarrisReelection Campaign
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The dollar eased on Monday in the initial reaction to U.S. President Joe Biden's decision to end his reelection campaign, clearing the way for another...

TOKYO - The dollar eased on Monday in the initial reaction to U.S. President Joe Biden 's decision to end his reelection campaign , clearing the way for another Democrat to challenge Donald Trump .The U.S. currency slipped 0.08% to 157.38 yen early in the Asian day, while the euro gained 0.11% to $1.0895.

Former President Trump, the Republican nominee, sits well ahead in betting markets following Biden's disatrous debate performance last month and a surge in questions about his mental competence.Commonwealth Bank of Australia strategist Joseph Capurso warned it was too early to read too much in the dollar's reaction.

CNN’s Kaitlan Collins speaks with former Trump national security adviser John Bolton regarding Trump’s phone call with Zelensky and the potential consequences of another presidency on Ukraine.Russia says intercepted US bomber planes ‘approaching’ its border in Arctic

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