On Monday, the FBI announced that Democratic presidential nominee Hillary Clinton committed no criminal wrongdoing. The announcement sparked off the rally in the value of the US dollar versus major currencies.
FBI director James Comey said the agency stood by its original findings that Clinton should not be prosecuted for her handling of classified information over email as Secretary of State. This increased Clinton's likelihood of winning.
The FBI’s investigation into Hillary Clinton's private email server was suspended in July 2016. However, in late October the FBI said it could be reopened as new emails were discovered on a computer belonging to the husband of a top Clinton aide.
According to experts, the victory of the Democratic Party would have less of a negative effect on the US economy and markets. Moreover, chances of the Fed raising interest rates before the end of 2016 would increase. The probability of the rate hike is 76%.
On Monday, the euro fell to 1.1075 against the dollar, while the greenback rose to 104.43 against the yen. The euro strengthened to 115.61 against the Japanese currency.
