\n
The dollar on Wednesday set for its biggest one-day rise since March 2020 against major peers.<\/p>\n
Bitcoin also jumped to an all-time high as so-called \u201cTrump trades\u201d took off, with traders increasingly betting on a U.S. election victory for the former President Donald Trump.<\/p>\n
This comes after Trump was projected to win the country\u2019s presidential election, becoming the 47th President.<\/p>\n
Trump had earlier won Georgia, North Carolina and Pennsylvania, key battleground states for the 2024 presidential election.<\/p>\n
The dollar\u2019s climb began after very early indications of Trump winning Georgia and gathered pace throughout the day.<\/p>\n
CNN also reports that Asian markets are tracking gains on Wall Street.<\/p>\n
Japan\u2019s Nikkei 225 closed 2.6% higher, while Australia\u2019s S&P ASX gained 0.8%.<\/p>\n
US election: Dollar surges, Bitcoin hits record high as Trump declares victory<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
The dollar on Wednesday set for its biggest one-day rise since March 2020 against major peers. Bitcoin also jumped to…<\/p>\n","protected":false},"author":1,"featured_media":57561,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5025,4161,938,15,9003,11802],"tags":[],"class_list":["post-57560","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-business","category-dollar","category-news","category-trump","category-us-election"],"yoast_head":"\n
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