Some emerging market currencies and stocks have suffered losses after the US election win by Republican Donald Trump sent the dollar sharply higher and raised the threat of fresh trade barriers.
MSCI’s index tracking currencies in major developing markets is on track for its biggest one-day drop since February 2023.Trump’s victory ushers in a new era of American leadership not just at home but abroad, in a Presidency likely to test the institutions of democracy. This will be the first time in over 100 years that a former President was re-elected to the White House after losing an election and the first time in history Americans have elected a convicted felon, an individual twice impeached in his first term. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.