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The dollar is back with the Democrats controlling the US House of Representatives
The dollar fell against the euro and the pound as traders reacted to the Democratic Party's victory by taking control of the US House of Representatives, enabling it to suspend US President Donald Trump's programs and conduct checks on his administration.
Analysts say the election of a split Congress could temporarily hurt the dollar as the Democratic Party's control of the House is likely to be seen as a rejection of President Donald Trump and policies that boosted corporate growth.
The dollar index, which tracks the performance of the greenback versus six major currencies, lost 0.28 percent to 96.04.
The US dollar has outperformed most of its main rivals this year, drawing on the strength of the domestic economy and rising interest rates.
The euro was up 0.15 percent at $ 1.1443, after rising to $ 1.1473. The single currency rose 1.1 percent from a record low of $ 1.1301 on Aug. 15.
The dollar lost 0.19 percent against the yen to 113.21 yen. Earlier in the session the yen rose to 112.95.
The Australian dollar was little changed at $ 0.7245.
Sterling rose 0.13 percent to $ 1.3116, but remains below a three-week high of $ 1.3142.
Sterling fell to $ 1.3023 on Tuesday before wiping out its losses in volatile trading as hopes for progress in the UK exit deal grew.
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