I'm not sure what the forex market is trying to tell us today, but all of the dollar's decline earlier today has been erased, said Adam Button, analyst at financial website Forexlive. The main reason I've heard for the dollar's rise over the past month is a "Republican landslide". The idea here is that Trump and the Republicans will increase the deficit, cut taxes and keep yields high.
In the after-hours market, shares of Trump Media Technology Group (DJT. O) also rose nearly 20 percent, and Tesla shares also surged. I think the main driver was exit polls in Georgia, which favored Trump. However, early voting in suburban Georgia favored Harris. Florida's vote was also very pro-Trump.
Analyst: Exit polls favor Trump, Trump deal makes comeback
2024-11-06 00:44:36
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