The dollar tiptoed higher early on Wednesday, adding to overnight gains, as markets put a higher chance on Democrat Hillary Clinton winning the U.S. presidential election.
The prospect of a victory by Republican Donald Trump took a knock with a projection that Clinton could take the key swing state of Florida. Overnight, data firm VoteCastr favored the Democrat candidate in a number of key battleground states.
The Mexican peso and the Canadian dollar rose against the U.S. dollar on improved bets for a Clinton victory.
The two currencies, particularly the peso, had suffered deep losses when the likelihood of a Trump victory appeared higher. Trump has pledged to renegotiate the North American Free Trade Agreement (NAFTA) with Mexico and Canada, a move that could damage the economies of the export-heavy nations.