6 November 2024

Dollar soars, bitcoin hits record and stocks rally as Trump win seen

By Redoy K

Biden-Trump election race shows early signs favoring Trump, triggering market responses. The dollar surged to 154.33 yen, while Bitcoin hit a record $75,005.06. Stock markets mostly advanced, with Tokyo’s Nikkei up 2.3%. Markets are reacting to potential Republican policies including tax cuts and tariffs. The Federal Reserve is expected to cut interest rates by 25 basis points in its upcoming decision.READ FULL