The dollar slipped in early Asian trading after Joe Biden ended his reelection campaign and endorsed Vice President Kamala Harris. The region’s stocks are set for a mixed start.
A Bloomberg gauge of the US currency’s strength fell 0.2% on Monday after the US President bowed to pressure from the Democrats and pulled out of the November election race, while the Mexican peso climbed. US stock futures showed small gains after the S&P 500 fell on Friday. Australian bonds fell.