Dollar soars as markets bet that Trump has won US election
Currency on course for best day since March 2020, while bitcoin also climbs
Donald Trump’s almost certain victory in the US presidential election has sent the dollar soaring towards its biggest one-day rise, while cryptocurrency traders pushed bitcoin to a fresh all-time high.
The likelihood that the Republicans would also grab a majority in the Senate and the House of Representatives, giving Trump sweeping powers to cut taxes and impose tariffs on imported goods, was also judged as a positive for the US currency even before some states had given their verdict.
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