Dollar on track for weekly gain after Trump election win
Analysts expect Trump's policy proposals — including more trade tariffs, a clampdown on illegal immigration, lower taxes and business deregulation — will boost growth and inflation.
But in the near term there remains considerable uncertainty over what policies will actually be introduced.
«We don't really know how much was campaign rhetoric, how much is a negotiating position, how much of it is speaking principle,» said Marc Chandler, chief market strategist at Bannockburn Global Forex in New York. «Part of the volatility we're seeing in the dollar and in interest rates is that the market is trying to figure it out.»
Republicans also won control of the Senate and are leading the race for the House of Representatives, with some races still to be called.
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