Dollar steadies as market leans towards Clinton win

London

THE dollar steadied after initial losses on Tuesday as investors bet on victory for Hillary Clinton in the US presidential election that would avert a widely predicted slide for the greenback if rival Donald Trump were to win.

Markets broadly have turned away since the weekend from the Trump-driven "risk-off" plays that knocked the dollar last week, helped by an all-clear in an FBI investigation of Mrs Clinton's use of personal e-mail while secretary of state.

A Trump victory would come as a shock, as the market is pricing in less than a 30 per cent chance of that happening. But investors were still mindful of the precedent of Britain's referendum on EU membership in June, which confounded the polls by deli…