[[{“value”:”The dollar surged by its most in two years and Wall Street was poised for big gains as Donald Trump’s historic US election victory sent investors around the world scrambling to price in a new regime of trade tariffs and tax cuts. The US currency raced higher against the euro, the yen and the pound
The post The market price reactions appeared first on Marginal REVOLUTION.”}]]
The dollar surged by its most in two years and Wall Street was poised for big gains as Donald Trump’s historic US election victory sent investors around the world scrambling to price in a new regime of trade tariffs and tax cuts.
The US currency raced higher against the euro, the yen and the pound on Wednesday as traders returned to so-called “Trump trades” in expectation that the president-elect’s plans on tariffs and taxes would boost stocks, push up inflation and reduce the pace of interest rate cuts.
Wall Street was also on course for firm gains at Wednesday’s open, with futures on the S&P 500 index climbing 2 per cent and the Nasdaq 100 up 1.3 per cent.
That is from the FT. Bitcoin is up, and VIX is down.
The post The market price reactions appeared first on Marginal REVOLUTION.
Current Affairs, Uncategorized
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