US dollar and stocks rally due to Trump's victory, with potential benefits for investors

From Investing.com: 2024-11-06 06:15:00

The US dollar surged as Trump’s policies are seen as inflationary, leading to a slower rate cut by the Fed. Stocks rose on the prospect of tax cuts and deregulation under a Trump presidency. Gold dipped, but recovered slightly on uncertainty, while Bitcoin hit a new high. Oil retreated on a stronger dollar and potential decrease in demand from China due to Trump’s policies. Trump’s wins in key states pushed the dollar higher, but volatility may be on the horizon for Wall Street as his policies unfold. The Fed is expected to raise rates, but speculation of a pause in December has increased.



Read more at Investing.com: US Dollar, Stocks Rally on Trump Victory: Here’s What This Means for Investors