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FOREX-Dollar jumps against yen, euro as FBI clears Clinton

Published 07/11/2016, 08:50 am
Updated 07/11/2016, 09:00 am
FOREX-Dollar jumps against yen, euro as FBI clears Clinton
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SYDNEY, Nov 7 (Reuters) - The U.S. dollar jumped in Asia on Monday after the FBI said a review of newly discovered emails did not change the agency's conclusion that no charges were warranted in the case of Hillary Clinton's use of a private email server. dollar climbed about 1.1 percent against the yen to 104.30 JPY= , while the euro slipped 0.7 percent to $1.1060 EUR= . The U.S. currency also rose 1 percent against the Swiss franc CHF= .

Markets have tended to see U.S. presidential contender Clinton as the status quo candidate, and news favouring her bid often boosts risk appetite.

Dealers said safe-haven bonds were likely to soften on the news once trading got fully under way, while Asian stock markets might enjoy a mild relief rally.

News of the emails had helped Republican Donald Trump narrow Clinton's lead in some polls and unsettle markets globally. There is great uncertainty about what a Trump presidency might mean for economic policy, free trade and geopolitics.

The Mexican peso has acted as something of a bellwether of sentiment as Trump's proposed policies are considered to be deeply negative for the country. So far, the peso was steady at 19.03 per dollar MXN= as there was little liquidity in the cross during Asian hours.

Risk-sensitive currencies such as the Australian dollar also gained on the yen and euro in early trade, with the Aussie climbing 1.2 percent to 80.11 yen AUDJPY= .

The final NBC-Wall Street Journal poll released on Sunday showed Clinton holding a four-point lead over Trump. Clinton leads by a slender 1.8 points according to Real Clear Politics' polling average.

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