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.