Early trade in New York: dollar recovers from multi-week lows

The US dollar stabilised from multi-week lows against a basket of major currencies on Thursday on reduced US election fears after a poll showed US Democratic presidential candidate Hillary Clinton maintained a narrow lead, while the Mexican peso rallied.
A New York Times/CBS poll of 1,333 registered voters found Clinton ahead by 3 percentage points, at the cusp of the October 28-November 1 survey's margin of error of plus or minus 3 percentage points. Analysts said the poll helped the dollar recover.
The euro was on track to post its biggest daily loss against the dollar in nearly two weeks, reversing overnight gains that sent the currency to $1.1126, its highest against the greenback since October 11.
The dollar was last down just 0.14 percent against the yen at 103.15 yen after earlier falling 0.7 percent to a one-month low of 102.56 yen. The Mexican peso reversed an earlier more-than-one-month low of 19.5450 pesos per dollar to trade up 0.7 percent at 19.2187, putting it on course for its best day in more than two weeks.
The dollar index, which measures the greenback against a basket of six major currencies, was down 0.09 percent on the day at 97.308. But that was an improvement from an earlier 0.3 percent drop to a more than three-week low of 97.041.
Sterling rose as much as 1.5 percent to a nearly four-week high against the dollar of $1.2494 after a UK court ruled Parliament would have to approve the start of Brexit talks. Analysts said the ruling was positive for sterling since there are many lawmakers who favour no exit from the European Community or a "soft Brexit."