FOREX-Dollar gains as risk sentiment cools before U.S. election

* Graphic: World FX rates in 2020 (Adds details, updates prices; previous LONDON) By Karen Brettell NEW YORK, Nov 2 (Reuters) – The U.S. dollar hit one-month highs against a basket of peers on Monday and expected volatility in major currencies rose to their highest levels since April on investor jitters over the outcome of Tuesday’s U.S. presidential election. “The move we saw last week was a pretty broad derisking and I think that makes a lot of sense, people are naturally skeptical about any sort of prognostication with regards to the election after what happened four years ago,” said Erik Nelson, a macro strategist at Wells Fargo in New York. Democratic challenger Joe Biden leads in national opinion polls, but the race looks close enough in battleground states that President Donald Trump could win the 270 Electoral College votes needed to win.

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