Republican victory in House paves road to softer dollar while control of US Senate in balance 

Former U.S. President Donald Trump’s son Eric Trump and his wife Lara Trump take a selfie with a guest, at his Mar-a-Lago resort on the night of the 2022 U.S. midterm elections in Palm Beach, Florida, U.S., November 8, 2022. REUTERS/Ricardo Arduengo

The U.S. Republican party looks favored to win a midterm election victory, giving it back control of the House of Representatives when the next session of Congress begins in January.

Control of the US Congress hung in the balance on Wednesday after Democrats put up an unexpectedly strong fight in the midterm elections, while Republicans insisted they were on course to take back at least the House of Representatives. Republicans notched up a string of convincing victories, particularly in Florida, where governor Ron DeSantis cruised to re-election by a 20-point margin.

But while the House appeared to be within the grasp of Republicans, control of the Senate remained too close to call, as Democrats appeared to stave off the worst-case scenario that many polls had predicted.

Source: Republican victory paves road to softer dollar

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