Dollar set for biggest one-day jump since 2020, bitcoin hits record as Trump secures White House

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LONDON: The dollar was set for its biggest one-day rise since March 2020 against major peers on Wednesday and bitcoin jumped to an all-time high after Donald Trump was re-elected president, with the Republicans also winning the Senate and making gains in the House.

Republicans also won control of the Senate, and made gains in the House of Representatives as the party battled to retain control there, raising the potential for a so-called "Red Sweep".

The onshore yuan finished the domestic session down 0.8% at 7.1649 per dollar, on track for its biggest daily loss since June 2023.

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Category: EconomyBusiness

Markets: MalaysiaChinaGeorgiaJapanMexico

Topics: Forex Bitcoin US dollar /Business/Business News Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 20:46:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 493 words

Reading Time: 3 minutes read

Sentences: 19 lines

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News ID: 23447116

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