U.S. dollar strengthens on midterm election day; rising Treasury yields provide support; U.S.-Iran situation may dominate subsequent market trends.

Zhitong Finance APP has learned that the U.S. dollar strengthened on Tuesday during voting in the U.S. midterm elections, buoyed by rising U.S. Treasury yields and solid economic data. However, with positive signs emerging in diplomatic negotiations between the United States and Iran, volatility in international oil prices is becoming an important factor affecting the dollar's short-term trajectory. Analysts believe that, compared with the midterm election results, the subsequent development of the U.S.-Iran conflict and the Trump administration's policy stance may have a more significant impact on the dollar.