In reaction to projections made by the American media temporarily placing Donald Trump in the lead in the presidential election in the United States, the price of the dollar soared on the foreign exchange market on the morning of November 6. His election seems to remove market uncertainties.
Its price is starting to rise again after a fall on the stock market observed on Tuesday. The prospect of an election of Donald Trump, at the top of the projections made by the American media in the race for the presidency of the United States, caused the world markets to react, with a clear rise in the dollar observed on the world markets.
Around 4 a.m. GMT, the greenback climbed 1.62% against the Japanese currency, to 154.07 yen per dollar and appreciated by 1.76% against the common European currency, to 0.9309 euros per dollar. dollar.
“Markets are starting to bet on the return of Donald Trump. He won with a larger margin than expected in Florida, a very populous state, which reinforces expectations of Republican scores better than expected elsewhere in the country, analyzed Yugo Tsuboi, strategist at Daiwa Securities, for the Bloomberg agency.
This Tuesday, however, the price of the dollar had fallen significantly on the markets yesterday after the publication of better polls for Democratic candidate Kamala Harris. He then experienced a turnaround from the first positive polls for the Republican candidate after the vote.
In the event of Donald Trump’s victory, economists and investors were planning on the establishment of new customs barriers, tax relief and a widening of the public deficit. This should therefore make it possible to raise bond rates and thus the price of the dollar.
Bitcoin hits record high
In addition to the dollar, the price of bitcoin has also exploded, surpassing the $75,000 mark (or 69,613 euros) this Wednesday morning for the first time thanks to the prospect of regulatory relaxation linked to the latter in the event of Donald’s victory. Trump.
After having exceeded its last absolute peak dating back to last March (73,797.98 dollars, or 68,500 euros), the first digital currency by capitalization rose to 75,005 dollars (or 69,620 euros) around 3:08 a.m. GMT, an increase of nearly by 8%.
As a reminder, the former president committed during the campaign to making the United States “the world capital of bitcoin and cryptocurrencies” with an extremely relaxed regulatory framework. A policy opposite in this area to that carried out by Joe Biden in recent years with strict regulation of this sector.
Donald Trump’s “return to power would likely emphasize deregulation, tax incentives and economic policies favorable to alternative investments, such as bitcoin,” summarized Nigel Green, an analyst at deVere, before the election.
