Monthly Archives: November 2024
Dollar and Wall Street Bullish on Trump Victory
Written on November 7, 2024 at 5:55 am, by pumarketings
Market Summary The market has responded decisively to the U.S. presidential election results from November 5, which confirmed Donald Trump’s re-election, fueling what’s now dubbed the “Trump trade.” The dollar index remains strong, hovering above the 105.00 level, marking its highest point since July. Wall Street also rallied sharply in the previous session, with theContinue Reading
Dollar Spur by Trump’s Leading Position in Election
Written on November 6, 2024 at 5:39 am, by pumarketings
Market Summary As vote counting for the U.S. election continues, Donald Trump is currently leading, which has spurred a “Trump trade” sentiment in financial markets. This momentum has caused the U.S. dollar to surge, with the Dollar Index jumping nearly 1%. Wall Street responded positively as well, with both major indices closing higher. Tesla sharesContinue Reading
Dollar Calm ahead of the U.S. Election
Written on November 5, 2024 at 5:30 am, by pumarketings
Market Summary Today’s U.S. presidential election is set to be a pivotal event, with polls indicating a tight race that could delay the final vote count and heighten market volatility. Analysts suggest that a Kamala Harris win could bring stability to the dollar, while a Trump re-election may boost its strength. The Japanese Yen isContinue Reading
