Zerologic
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The US election is almost assured that Trump will be the winner over Kamala Harris. From the Associated Press, Trump currently gets 72,083,871 votes (51%) and Harris gets 67,274,910 votes (47.6%).
The EURUSD, and GBPUSD currency pairs plunged, while USDJPY surged as the US dollar strengthened. Meanwhile, on the gold market, prices fell sharply because of Trump's victory.
Trump's promise of an aggressive expansion of US tariffs on all cross-border trade has caused the USD to strengthen against other currencies. Trump has vowed across-the-board tariffs of 10% to 20% on all imports coming into the United States and tariffs of 60%-100% on Chinese imports.
The EURUSD, and GBPUSD currency pairs plunged, while USDJPY surged as the US dollar strengthened. Meanwhile, on the gold market, prices fell sharply because of Trump's victory.
Trump's promise of an aggressive expansion of US tariffs on all cross-border trade has caused the USD to strengthen against other currencies. Trump has vowed across-the-board tariffs of 10% to 20% on all imports coming into the United States and tariffs of 60%-100% on Chinese imports.
