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- US Midterm Election Update: Republicans leading in tight contests
US Midterm Election Update: Republicans leading in tight contests
Republicans need a net gain of just one seat in the 2022 midterm election in the United States to win the Senate, as the Bellwether States see a very close call.
In the race for a US Senate seat in Iowa, Republican incumbent Grassley defeated Democratic challenger Franken.
In Missouri, Republican Eric Schmitt defeats Democrat Trudy Busch Valentine for the Republican-held Senate seat.
According to Edison Research Projection, Republicans have gained a net five US House seats previously held by Democrats, with 191 of 435 races still undecided.
Republican Governor Kemp wins re-election in Georgia, per NBC News.
Market reaction
Despite increasing odds of a Republican hold in Congress, the US Dollar Index is catching a fresh bid while rebounding from daily lows. The gauge is trading at 109.70, up 0.06% on the day. Meanwhile, risk sentiment seems to have taken a hit, reflective of the 0.20% drop in the US S&P 500 futures.
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