Advertisement

Trump's re-election drives US stocks, dollar, and Bitcoin to new peaks

US shares hit record highs on Wall Street, and the dollar posted its biggest gain in eight years as Donald Trump was re-elected to the White House in a historic win.

Bitcoin has also hit an all-time high, following Trump's election promise to prioritise the volatile crypto currency.

Investors are, however, 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.

Meanwhile, markets and currencies around the world have shifted sharply today following the US election news. 



comments powered by Disqus
More Stories
Most Popular
PM confirms plan to move to a single payroll...
JCA and Ministry of Sports on collision...
Sygnus Credit Investments offering more...