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Dollar set for biggest one-day jump since '20
Business Standard
|November 07, 2024
The US dollar soared on Wednesday and was set for its biggest one-day rise since March 2020 after Republican Donald Trump won the US presidential election, while the euro, Chinese yuan and Mexican peso were among the biggest losers on potential new tariffs in the regions.
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Trump beat Democrat Vice President Kamala Harris to retake the White House while Republicans also won a US Senate majority. Control of the House of Representatives remains in question, with Republicans currently holding a narrow majority. A full sweep by Republicans would allow the party to make larger policy changes and in turn would likely provoke la
Dit verhaal komt uit de November 07, 2024-editie van Business Standard.
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