Trump Wins Presidential Election, US Dollar Weakens

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09/11/2016 16:08 WIB

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Global Currency Movements Against the US Dollar on November 9th at 3:08 PM WIB

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Global Currency Movements Against the US Dollar on November 9th at 3:08 PM WIB

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The yen led the strengthening of major world currencies against the dollar following the US presidential election. The victory of Donald Trump, the Republican candidate, in the 2017 presidential election, weakened the US dollar. Global financial markets reacted negatively to Trump's victory as the 45th US president, causing global stock prices to plummet.

Seven out of ten major currencies strengthened against the US dollar. According to Bloomberg data up to 3:08 PM WIB, the Japanese yen strengthened by 1.82 percent and was traded at 103.28 per US dollar, compared to the previous day's close. Similarly, other currencies such as the Euro, Swiss Franc, and Pound Sterling also appreciated against the Greenback. Conversely, the Canadian, New Zealand, and Australian dollars weakened.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."