
The greenback lost 0.3% against the euro and yen; the Blue Wave risks slowing down US growth
The dollar falls against all the main currencies after the overwhelming victory of the Democrats in the US legislative elections: it loses 0.3% against the euro at 1.1229 and against the yen at 158.1, while the Blue Wave risks slowing down growth with restrictions on investments in data centers and artificial intelligence.
AI-generated summary
The dollar is falling against all major currencies after the vote in the US legislative elections ended with a landslide victory for the Democrats.
The dollar is falling against all major currencies after the vote in the US legislative elections ended with a landslide victory for the Democrats.
The greenback lost 0.3% against both the euro, at 1.1229, and the yen, at 158.1, while the 'Blue Wave' risks slowing down American growth, with restrictions on investments in data centers and artificial intelligence.

Futures on Wall Street eliminate the declines with the Dow Jones in positive territory (+0.06%) and the Nasdaq reducing the decline to 0.3% after the above-expected results of AMD and Super Micro Computer. Stock markets recover globally after the overwhelming Democratic victory and the conciliatory message of Donald Trump, willing to accept the election outcome and collaborate with the Republicans. Tokyo lost 1.4%, Seoul rose by 0.6%, Hong Kong by 1.2%, Shanghai by 1.9% and Shenzhen by 3.4%.

The price of gold increased on the commodity markets: spot gold is traded at $4,021.0900 with a growth of 2.33%, while gold for delivery in December on the Comex is traded at $4,027.70 an ounce with an advance of 2.22%.

After the American vote, gold rises by 2.6% to 4,007 dollars per ounce as a safe haven asset, while cryptocurrencies weaken and Treasuries advance with yields of 4.93% due to the expectation of a stalemate between Congress and the presidency that will curb the expansion of public debt.

Italy abolishes, in article 30 of the Budget Law, the 2 euro tax on small parcels coming from non-EU countries, scheduled for 1 January 2027 and never applied. The waiver is worth 91.3 million euros per year according to the technical report. The measure, which was supposed to debut at the beginning of 2026, had been postponed four times and is now being permanently cancelled.

The FATF has concluded its assessment of Mexico's anti-money laundering regime. The Ministry of Finance announces that the results will be made public on 17 December. The review involved the Financial Intelligence Unit, the Central Bank, the National Guard and other agencies, in collaboration with the private sector.

The maneuver provides for an additional levy of 950 million euros on the gaming sector for 2027, rising to 2.6 billion in the three-year period to 2029. Gambling and taxes on slot machines, video lotteries, bingo, Scratch & Win, Lotto and SuperEnalotto will increase, with new taxes also for e-games.