US election fears weigh on greenback

London

POLITICS dominated currency markets on Thursday as US election worries kept the US dollar weak against the yen while sterling rose more than one per cent after a UK court ruled that parliament would have to approve the start of Brexit talks.

The US dollar recovered some ground to trade at less than US$1.11 per euro, helped by a Federal Reserve meeting on Wednesday that again pointed towards a rise in interest rates next month, also likely to be backed by payrolls data on Friday.

But investors were still preoccupied by US elections and the prospect of a victory for Donald Trump that they fear would carry global risks to trade…