Financial markets hint at Trump’s victory in US presidential elections

Financial markets have signaled a potential electoral victory for Donald Trump over his main rival, Kamala Harris. While both candidates have secured wins in their strongholds, results from crucial swing states remain pending.

While both candidates have secured wins in their strongholds, results from crucial swing states remain pending.

The US dollar’s recent strength against other major currencies is a positive sign for financial markets, hinting at a possible Republican return to power for the second time since 2017.

Trump has pledged to eliminate tariffs, a move that could trigger inflation and prompt the US Federal Reserve to raise interest rates, further strengthening the dollar. 

When interest rates rise, demand for dollar-denominated investments typically grows as investors seek higher yields, which in turn boosts the dollar’s value.

Economic indicators projecting growth for the US economy have also positively impacted Trump’s company shares, which have surged by 10 percent in after-hours trading.

So far, Trump and Harris have each secured most of the states they were expected to win. However, results from key battleground states may not be available until later in the evening.

Voting in the November 5 elections has almost closed, with Republican candidate Donald Trump and Democratic candidate Kamala Harris vying for the presidency. 

Due to six different time zones in America, polls opened at varying times across states.

According to US media, over 78.9 million Americans have already cast their ballots. To win the election, a candidate must secure at least 270 of the 538 electoral votes.

In this election, seven battleground states, Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin are expected to play pivotal roles in deciding the next US president.