FOREX-U.S. dollar hovers in calm before election; Aussie slips on RBA cut

* Dollar broadly steady as election risk mutes market moves * Aussie slips a fraction after RBA trims rates * U.S. election results to filter in through Wednesday Asia trade * Graphic: World FX rates in 2020 By Tom Westbrook SINGAPORE, Nov 3 (Reuters) – The U.S. dollar hovered just below a one-month high on Tuesday, as investors opted for caution in the hours ahead of polls opening on election day in the United States, while the Australian dollar slipped after a central bank rate cut. Markets are singularly focused on the election result, but rather than outright bets on a particular outcome many traders have flocked to the safety of dollars so that they are well positioned to take advantage of volatility when results arrive. The safe-harbour yen has also ground higher in recent weeks and it was steady at 104.72 yen per dollar through the Asia session.

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