Reported 19 days ago
The dollar surged to a four-month peak after Donald Trump won the U.S. presidential election, anticipating policy changes that could boost U.S. growth and inflation. This victory, combined with Republican control of the Senate, raises the potential for significant legislative shifts. Meanwhile, Bitcoin reached a record $76,134, benefiting from Trump's favorable stance toward cryptocurrencies. Currency shifts were orderly as market players adopted cautious positions leading up to the election, although Trump's preference for a weaker dollar could pose future challenges.
Source: YAHOO