The U.S. dollar and other major currencies remained in a narrow trading range on Monday as investors awaited the outcome of this week's midterm elections. The elections could significantly alter the political landscape in Congress, influencing fiscal policies and economic decisions.
Meanwhile, the cryptocurrency market faced turbulence following last week's unprecedented $6.3 billion heist at Binance, the world's largest crypto exchange. Bitcoin and ether both saw declines in value as a result of the breach, which has raised concerns about security in the digital asset space.
Binance reported $3.64 billion in net outflows as withdrawals resumed after the massive hack, highlighting the impact of the security incident on investor confidence. The exchange's ability to recover from this setback remains a key focus for market participants.