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As we have warned in recent days, large fluctuations in international money and capital markets could occur on the night of the US presidential election, depending on the results obtained and at what pace. As we reported throughout our nightly news feed, Joe Biden had a better chance of winning the presidential election in the first half of the night, but then several major striking states appear to have failed (or failed, like Florida) and thus Therefore, Donald Trump is now clearly bigger. chances of winning.
A few minutes ago, Joe Biden gave a short speech but did not acknowledge his defeat, only said he was confident of victory, it would take time to add the results. Meanwhile, the Republican majority may remain in the Senate and the Democratic leadership in the House of Representatives based on current information. Our continuous feeding with the most important results:
All of this triggered a reversal of the market movements seen yesterday, with the dollar soaring from 1.1760 to about 1.160 since dawn after yesterday’s deep flight (Biden’s win was valued with a large stimulus package , together with the effects of increasing the deficit and thus weakening the dollar of the green investment program). it is now fluctuating around 1.1650.
The overall strength of the dollar is not good for emerging markets; against the euro and then remained at around 365.5 against the euro.
The rise of the dollar and the fall of the forint together resulted in an unusually large range of dollar / forint quotes: the trade was still around 309 overnight, and then jumped to 316 early in the morning, now around 313.5 trading in this relationship.
Cover Image Source: Getty Images
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