The U.S. dollar weakened against other major currencies on Tuesday, ahead of Georgia's runoff elections, which will determine whether Republicans or Democrats control the U.S. Senate - and with it, the likely fate of President-elect Joe Biden's legislative agenda.
The elections will determine how much Biden can push through Democrats' agenda, including rewriting the tax code, boosting stimulus and infrastructure spending.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.