美元的飙升导致全球各地的货币同行下跌，日元突破154大关，为7月30日来首次。欧元、澳元和瑞士法郎也下跌逾1%，而墨西哥比索的跌幅达到了2%。As preliminary results of the USA presidential election show, Trump has an advantage in certain key states, boosting demand for trade related to his protectionist policy pledge, pushing the US dollar to its highest level since July.
According to the financial news app Intelligence Finance, the preliminary results of the US presidential election show that Trump has an advantage in certain key states, boosting demand for trade related to protectionist policies promised by this former president, causing the US dollar to rise to its highest level since July.
Driven by safe-haven demand, the Bloomberg Dollar Spot Index rose by over 1%, as traders began to bet again, seen as benefiting from the low tax and high tariff policies that the Trump administration may introduce. In the key swing states of Georgia and North Carolina, Trump is leading Vice President Harris in the initial results, while the vote-counting in other states is still in the early stages.
The surge in the US dollar caused currencies worldwide to fall, with the yen breaking through the 154 level for the first time since July 30. The euro, Australian dollar, and Swiss franc also fell by over 1%, while the Mexican peso saw a 2% decline.
Charu Chanana, Chief Investment Strategist at Shengbao Bank in Singapore, said: "In the early results of the voting counting, as the probability of Trump's victory increased, the strength of the US dollar indeed hit the Mexican peso, euro, and yen. Asian markets in early trading saw low liquidity, exacerbated by the excitement from the early election results, amplifying the market's expectations of Trump's chances of winning."
This evenly matched election has intensified market volatility, as traders try to gauge the potential consequences of a Trump victory. Trump's tariff and tax plans could disrupt global trade and potentially increase inflationary pressures in the USA.
This prompted hedge funds and other traders to prepare for what was known as the Trump trade for most of October, pushing up the US dollar and weighing on other currencies such as the Mexican peso, until this week when Harris's strong performance in some polls partially reversed this situation.
As of October 29, hedge funds and other speculative traders are prepared for a further rebound in the US dollar, which is also fueled by the demand for safe-haven assets following the election results. According to compiled data from the US Commodity Futures Trading Commission, these funds, asset management companies, and other speculators hold approximately $17.8 billion in long US dollar positions.
Editor/ping
