Dollar Remains Little Moved by Biden News Despite Uncertainty

The dollar was trading steady as it continued to shrug off U.S. President Biden's withdrawal from the election race, even though his decision has created more uncertainty, Unicredit Research said. "The lack of a strong reaction by the dollar might also reflect the fact that monetary policy decisions and interest-rate differentials are still playing a greater role in driving foreign exchange majors at present," Unicredit analysts said in a note. The DXY dollar index was trading flat at 104.325.