The initial reaction of the world market and currencies in the wake of the US election
The initial reaction of the world markets and currencies after the US election, with the announcement of the momentary results of the US presidential election and the increase of Donald Trump’s chances to win it, the value of the dollar against the Japanese yen and the EU currency has fallen.
The value of stocks in Asian and Australian markets, which resumed their daily activities at the same time as the votes of some states were announced, has also been shaken. The value of the Mexican currency, the peso, is also falling, with Reuters “falling” “Free” has been described. Trump has previously promised to review free trade agreements, build a wall on the southern border at the expense of the Mexican government, and curb illegal immigration.
It is likely that the Bank of Japan and the European Central Bank (ECB) will have to be more flexible in their economic policies. Shares in other major Asia-Pacific markets have fallen more than 3 percent. Trump has also stated his opposition to the Trans-Pacific Free Trade Agreement; What had raised concerns in Tokyo before the election. Last October, the US government and 11 countries in the Pacific agreed on the principles of a free trade zone, the largest in the world. At the time, media outlets were saying the deal could affect the price of anything in the future. The Hong Kong Stock Exchange is at its worst in nine months since mid-Wednesday. Their currency, are.
It is unknown at this time what he will do after leaving the post.
Oil prices have also fallen. The Wall Street Journal reports that the value of this energy source in Asian markets reached its lowest level in three months just before noon.