The prospect of a Donald Trump presidency roiled foreign-exchange markets, giving the dollar a huge boost and hammering other currencies like the euro, yen, Mexican peso and Chinese yuan. The Mexican peso sank to its weakest level against the dollar this year, before paring some losses. Trump has threatened to levy hefty tariffs on Mexico that could curb demand for its exports.
Traders are waiting for these events to trade. Here are the top events you can trade this week due to the volatility.
Investors are betting a second Donald Trump presidency will widen the economic gap between the U.S. and Europe. Traders ramped up wagers Wednesday that European policy makers will cut interest rates more aggressively, given Trump's proposed tariffs could hurt Europe's already struggling economy.
The US dollar is enjoying its best day in four years.
- U.S. investors are losing control of their own currency, according to Bank of America Securities, with increased foreign demand the prime driver. At 10:40 ET (14:40...
- The U.S. dollar soared Wednesday, set for its biggest one-day rise since March 2020, as Donald Trump closed in on presidential victory, while a Republican clean...
The US election results carry significant implications for emerging markets (EMs), with trade tensions and currency adjustments shaping the outlook, according to a...
- Bearish euro sentiment is back, according to Bank of America Securities, in the wake of the European Parliament elections and the surge in political risk. At 08:25...
-- The dollar surged to a near four-month high on Wednesday, while Asian currencies fell across the board as early vote counting showed Donald Trump squarely in the...
- The U.S. dollar retreated Tuesday, falling back from a one-month high, as yields fell back ahead of key U.S. inflation data and the latest Federal Reserve...