Dollar to suffer third day of losses over US election turmoil

Helen Cahill
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Hillary Clinton's campain was hit by a fresh probe from the FBI (Source: Getty)

The US dollar is set to bear its third day of losses - a losing streak that the currency hasn't suffered for a month and a half.

At time of writing, the US dollar was down 0.02 per cent against the euro, as the uncertainty over the outcome of the US presidential election continued to weigh on the currency.

The US dollar index, which measures the currency against a collection of other global currencies, was down 0.12 per cent in morning trading.

Read more: Federal Reserve holds rates ahead of US presidential election

The struggles for the currency came after fresh controversy in the election race broke out last week. FBI director James Comey decided to announce that the service was launching a fresh investigation into the emails of the Democratic candidate Hillary Clinton.

Following Comey's decision, a poll showed Republican candidate Donald Trump moving ahead of Clinton for the first time.

There are now four days left to go until America decides, and the candidates are rushing between states they think will swing the result.

Clinton was in Arizona last night, a state that has been Republican for nine out of the last 10 elections. The last victory for the Democrats was in 1996, when Bill Clinton took the state.

Meanwhile, Trump was focussing his efforts on Florida, a state that is crucial to his success.

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