The euro traded near $1.1195 against the U.S. dollar in European trading Tuesday, as markets focused on U.S. midterm voting and scheduled labor data, FXStreet reported. FXStreet attributed the euro's slight gain to election-related caution that it said was weighing on the dollar.
An earlier Associated Press report put the euro at $1.1188 during Asian trading and described it as nearly unchanged. The two figures reflect different points in the session.
ING analysts Chris Turner, Frantisek Taborsky and Francesco Pesole listed the midterms among foreign-exchange risks. Their analysis cited betting-site odds of 70%-72% for Democrats to win both the House and Senate, while describing predictions of debt-ceiling deadlock or a prolonged government shutdown as uncertain.
The U.S. Bureau of Labor Statistics (BLS) scheduled its September Job Openings and Labor Turnover Survey (JOLTS) report for 10 a.m. ET Tuesday (15:00 UTC). Its August release put job openings at 7.079 million. Eurostat reported annual euro-area inflation of 3.8% in September and scheduled its October flash estimate for Wednesday, Nov. 4.
