FOREX-Dollar slips as German bund yields strengthen euro

(Adds late-day prices, comment on Bitcoin, Ether plunge) By Herbert Lash NEW YORK, Nov 8 (Reuters) – The dollar slid on Tuesday as rising German bond yields strengthened the euro, but a strong reading of the consumer price index later this week could reverse the currency’s slide. Traders kept an eye on U.S. midterm elections, whose outcome may usher in an era of divided government in Washington that would likely foil big social spending plans by Democrats. A steady climb in German bond yields weakened the dollar on expectations of further European Central Bank tightening, which cut the spread with Treasury yields, said Marc Chandler, chief market speculation at Bannockburn Global Forex. “I’ve played down the elections. For monetary and fiscal policy, I don’t think it’s much of a difference,” he said. “What I’m focusing on today is a huge move in two-year German bunds. It’s not about the Fed, it’s about more aggressiveness from the…

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