FOREX-Dollar dips to price Biden win on U.S. election day

* Dollar loses ground, euro rises * Investors brace for volatility after polls close * Analyst warns of election risks * U.S. election results to filter in through Wednesday Asia trade * Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E By Julien Ponthus LONDON, Nov 3 (Reuters) – Foreign exchange markets moved on Tuesday towards pricing a victory for U.S. Democratic candidate Joe Biden against President Donald Trump despite warnings that possible post-election disputes could unleash weeks of dollar volatility. Analysts believe a Biden win would weaken the dollar as the former vice president is expected to spend big on stimulus and to take a freer approach to trade, boosting other currencies at the dollar’s expense. Meanwhile, European stock markets were making strong gains while euro zone government yields rose and oil prices extended their rally, exposing how investors were gradually switching from a cautious mood and getting ready to bet on a clear victory for the Democratic candidate.

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