Dollar and Bitcoin soar as Trump wins presidency
The result could have a far-reaching implications for tax and trade policy, as well as economies around the world.
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no-repeat;width:20%;background-position-x:left;-webkit-background-size:130%;background-size:130%;max-width:14rem;position:relative;display:none;}@media (min-width: 80rem){.ssrcss-o6zlac-UsPresCandidateImage{-webkit-background-size:100%;background-size:100%;}}@media (min-width: 37.5rem){.ssrcss-o6zlac-UsPresCandidateImage{display:block;}}TRUMP WINS270 to winKamala Harris of the Democrat party has 223 electoral college votes.Kamala HarrisDemocrat223Donald Trump of the Republican party has 279 electoral college votes.Donald TrumpRepublican279Kamala Harris of the Democrat party has 66,482,617 votes (47.4%)
Donald Trump of the Republican party has 71,532,751 votes (51.0%)
Dollar and Bitcoin soar as Trump wins presidencyGetty ImagesThe US dollar has surged as Donald Trump is now projected to have won the presidency and will re-enter the White House.
Investors are betting that Trump's plan to cut taxes and raise tariffs will push up inflation and reduce the pace of interest rate cuts.
Higher rates for longer mean investors will get better returns on savings and investments they hold in dollars.
https://www.bbc.com/news/articles/c6246e3w935o
Rating: 5