Analyst: Exit polls favor Trump, Trump trades make a comeback
Forexlive analyst AdamButton stated that he is unsure what the forex market wants to tell us today, but all the earlier declines of the US dollar have been erased. The main reason for the USD rise in the past month that I have heard is due to the "Republican victory". The idea here is that Trump and Republicans will increase the deficit, reduce taxes, and maintain high yields. After-market, the stock price of the Trump Media and Technology Group (DJT.O) rose nearly 20%, and Tesla's stock price also rose sharply. I think the main driving force is the exit polls in Georgia, which favor Trump. However, early voting in the suburbs of Georgia favors Harris. The vote in Florida also strongly supports Trump.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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