Breaking News: EUR/USD challenges highs as Democrats clinch the House

Democrats have growing chances to emerge as winners in the House as a dramatic night in US politics unfolds. More and more networks are calling the race for Democrats.

The US Dollar is retreating across the board and the EUR/USD is advancing towards the highs once again.

-- more to come

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Fox News was the first to call the House for Democrats. NBC followed. Other networks are moving more slowly. Earlier, networks called the Senate for Republicans after clear victories for incumbents and challengers of the majority party in the upper house of Congress.