U.S. Dollar Slides As Crude Oil Nosedives Following Democrats' Win In Mid-term Elections

India, Nov. 4 -- The U.S. Dollar value moved lower on Wednesday as concerns of escalation in the U.S.-Iran conflict diminished after the mid-term election results showed a huge win for Democrats who seized control of both the houses in the U.S. Congress. As markets are betting on an end to the war, inflation worries faded and crude oil prices nosedived by nearly 8.00%.

Today, the U.S. Dollar Index DXY, which measures the Greenback against a basket of other major currencies, was last seen trading at 101.52, down by 0.34 (or 0.33%).

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