Trump Wins US Election, Dollar Rises to Four-Month High

BlockBeats News, November 6th, as investors position for the prospect of Trump winning the U.S. presidential election, the dollar surged to a four-month high. Santander Bank analyst Ipek Ozkardeskaya stated in a report that the so-called "Trump Trade" is in full swing, as the election results point to a favorable outcome for the former president. The "Trump Trade" refers to a bet that his proposed policies (including tax cuts and trade tariffs) would trigger inflation and lead to higher interest rates. (FXStreet)