The dollar, on Wednesday, surged, set for its largest single-day rise since March 2020.
It was buoyed by early projections showing Donald Trump winning the U.S. presidential election and securing key states like Georgia, North Carolina, and Pennsylvania.
This victory triggered market activity, with Bitcoin reaching a record high, and “Trump trades” gained momentum.
Asian markets followed Wall Street’s rise, with Japan’s Nikkei 225 up 2.6% and Australia’s S&P ASX rising 0.8%, as per CNN.
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