{"id":65499,"date":"2024-11-06T12:50:37","date_gmt":"2024-11-06T12:50:37","guid":{"rendered":"https:\/\/hub.onequity.com\/?p=4642"},"modified":"2024-11-06T12:50:37","modified_gmt":"2024-11-06T12:50:37","slug":"dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly","status":"publish","type":"post","link":"https:\/\/insights.onequity.com\/pt\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\/","title":{"rendered":"Dollar Soars After Trump Victory, Euro, Pound, and Yen Strongly Retreat"},"content":{"rendered":"\n<p>The U.S. dollar surged on Wednesday, where it is poised to score its biggest one-day gain since March 2020, as Donald Trump moved closer to victory for the White House, while a Republican sweep in Congress looked possible.<\/p>\n\n\n\n<p>The dollar index, which tracks the greenback against a basket of six other <a href=\"https:\/\/hub.onequity.com\/education\/14\/06\/2024\/unlocking-the-global-currency-market-a-beginners-guide-to-forex\/\">currencies<\/a>, rose 1.4% to 104.737, reaching a four-month high of 105.237 earlier in the session.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Dollar Soars on Trump&#8217;s Return to the U.S. Presidency<\/strong><\/h2>\n\n\n\n<p>Republican candidate Donald Trump declared himself the winner of the U.S. presidential election early Wednesday, though the race has not yet been officially called. Trump claimed his victory provides a &#8220;powerful mandate&#8221; to implement his various economic policies.<\/p>\n\n\n\n<p>The Republican Party has also gained a majority in the Senate and appears set to win the House of Representatives as well. A Republican-controlled Congress would ease the path for Trump to enact substantial policy changes, with his tariff and immigration policies seen as inflationary by analysts, thus strengthening the dollar.<\/p>\n\n\n\n<p>&#8220;Trump trading is in full swing as the U.S. vote count continues,&#8221; analysts at ING noted in a report. &#8220;If the growing consensus for a Republican clean sweep materializes, we expect a prolonged period of dollar outperformance.&#8221;<\/p>\n\n\n\n<p>The Federal Reserve concludes its meeting on Thursday, with markets anticipating another rate cut\u2014this time of 25 basis points, rather than the more significant reduction seen in September.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Euro Declines<\/strong><\/h2>\n\n\n\n<p>In Europe, EUR\/USD plummeted nearly 1.5% to 1.0762, hitting its lowest level since early July, as the possibility of Trump\u2019s second term in office became more real.<\/p>\n\n\n\n<p>&#8220;The euro has proven to be the weakest of the G10 currencies overnight, and you can see why,&#8221; ING added. &#8220;The expectation is that Trump will broaden his China-centric trade policies in a second term, at a time when the eurozone, especially Germany, is grappling with stagnant growth. Plans to export out of stagnation are no longer a viable option for the eurozone.&#8221;<\/p>\n\n\n\n<p>This euro weakness persisted despite a mild rebound in Germany&#8217;s services sector. October business activity posted a three-month high, with the PMI rising to 51.6 from 50.6 in September\u2014the first acceleration in growth in five months.<\/p>\n\n\n\n<p>GBP\/USD dropped 1% to 1.2917 as the Bank of England is expected to implement another 25 basis point rate cut on Thursday. This would mark its second reduction following a cut in August, the first in four years. A cut was almost certain before last week&#8217;s budget, but higher-than-expected government spending and borrowing have introduced some uncertainty.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Asian Currencies Grapple with Trump\u2019s Policy Stance<\/strong><\/h2>\n\n\n\n<p>USD\/JPY surged 1.6% to 153.95, reaching over three-month highs as Trump\u2019s victory appeared imminent. Yen weakness has kept traders cautious about potential government intervention in the currency markets, given recent warnings from Japanese officials.<\/p>\n\n\n\n<p>USD\/CNY climbed 0.8% to 7.1579, with the yuan weakening as Trump reiterated his intent to impose heavy tariffs on China if re-elected, posing a challenging outlook for the Chinese currency.<\/p>\n\n\n\n<p>This week\u2019s focus will also include a meeting of China&#8217;s National People&#8217;s Congress, where the government is expected to approve increased fiscal spending for the years ahead.<\/p>\n\n\n\n<p>AUD\/USD fell 0.9% to 0.6579, as Australia faced potential economic strain due to Trump\u2019s proposed tariffs on China, given Australia\u2019s close trade ties with the region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. dollar surged on Wednesday, where it is poised to score its biggest one-day gain since March 2020, as [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2936,2935],"tags":[642,643,644],"class_list":["post-65499","post","type-post","status-publish","format-standard","hentry","category-currencies","category-markets","tag-currencies-tag","tag-dollar","tag-euro"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dollar Soars After Trump Victory, Euro, Pound, and Yen Strongly Retreat - OnEquity<\/title>\n<meta name=\"description\" content=\"Dollar surges as Trump claims victory; euro, pound, and yen retreat. Analysts predict prolonged dollar strength with a Republican sweep.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insights.onequity.com\/pt\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\/\" \/>\n<meta property=\"og:locale\" content=\"pt_PT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dollar Soars After Trump Victory, Euro, Pound, and Yen Strongly Retreat - OnEquity\" \/>\n<meta property=\"og:description\" content=\"Dollar surges as Trump claims victory; euro, pound, and yen retreat. Analysts predict prolonged dollar strength with a Republican sweep.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insights.onequity.com\/pt\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\/\" \/>\n<meta property=\"og:site_name\" content=\"OnEquity\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-06T12:50:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insights.onequity.com\/wp-content\/uploads\/2024\/07\/int-business-mag-en.png\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"550\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"OnEquity\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"OnEquity\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\\\/\"},\"author\":{\"name\":\"OnEquity\",\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/#\\\/schema\\\/person\\\/aea7a32034766b228ef53b2fa11b133b\"},\"headline\":\"Dollar Soars After Trump Victory, Euro, Pound, and Yen Strongly Retreat\",\"datePublished\":\"2024-11-06T12:50:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\\\/\"},\"wordCount\":553,\"publisher\":{\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/#organization\"},\"keywords\":[\"Currencies\",\"Dollar\",\"Euro\"],\"articleSection\":[\"Currencies\",\"Markets\"],\"inLanguage\":\"pt\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\\\/\",\"url\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\\\/\",\"name\":\"Dollar Soars After Trump Victory, Euro, Pound, and Yen Strongly Retreat - OnEquity\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/#website\"},\"datePublished\":\"2024-11-06T12:50:37+00:00\",\"description\":\"Dollar surges as Trump claims victory; euro, pound, and yen retreat. Analysts predict prolonged dollar strength with a Republican sweep.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\\\/#breadcrumb\"},\"inLanguage\":\"pt\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dollar Soars After Trump Victory, Euro, Pound, and Yen Strongly Retreat\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/#website\",\"url\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/\",\"name\":\"OnEquity\",\"description\":\"Your trusted choice in online trading\",\"publisher\":{\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"pt\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/#organization\",\"name\":\"OnEquity\",\"url\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"pt\",\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/insights.onequity.com\\\/wp-content\\\/uploads\\\/2026\\\/01\\\/cropped-onequity-favicon.png\",\"contentUrl\":\"https:\\\/\\\/insights.onequity.com\\\/wp-content\\\/uploads\\\/2026\\\/01\\\/cropped-onequity-favicon.png\",\"width\":512,\"height\":512,\"caption\":\"OnEquity\"},\"image\":{\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/#\\\/schema\\\/person\\\/aea7a32034766b228ef53b2fa11b133b\",\"name\":\"OnEquity\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"pt\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c908ff0d0e2f47fe0fea0a6f134fe270d20c6137e577de6d7e74c2f959342f8?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c908ff0d0e2f47fe0fea0a6f134fe270d20c6137e577de6d7e74c2f959342f8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c908ff0d0e2f47fe0fea0a6f134fe270d20c6137e577de6d7e74c2f959342f8?s=96&d=mm&r=g\",\"caption\":\"OnEquity\"},\"url\":\"https:\\\/\\\/insights.onequity.com\\\/pt\\\/author\\\/antonis\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Dollar Soars After Trump Victory, Euro, Pound, and Yen Strongly Retreat - OnEquity","description":"Dollar surges as Trump claims victory; euro, pound, and yen retreat. Analysts predict prolonged dollar strength with a Republican sweep.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insights.onequity.com\/pt\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\/","og_locale":"pt_PT","og_type":"article","og_title":"Dollar Soars After Trump Victory, Euro, Pound, and Yen Strongly Retreat - OnEquity","og_description":"Dollar surges as Trump claims victory; euro, pound, and yen retreat. Analysts predict prolonged dollar strength with a Republican sweep.","og_url":"https:\/\/insights.onequity.com\/pt\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\/","og_site_name":"OnEquity","article_published_time":"2024-11-06T12:50:37+00:00","og_image":[{"width":850,"height":550,"url":"https:\/\/insights.onequity.com\/wp-content\/uploads\/2024\/07\/int-business-mag-en.png","type":"image\/png"}],"author":"OnEquity","twitter_card":"summary_large_image","twitter_misc":{"Written by":"OnEquity","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/insights.onequity.com\/pt\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\/#article","isPartOf":{"@id":"https:\/\/insights.onequity.com\/pt\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\/"},"author":{"name":"OnEquity","@id":"https:\/\/insights.onequity.com\/pt\/#\/schema\/person\/aea7a32034766b228ef53b2fa11b133b"},"headline":"Dollar Soars After Trump Victory, Euro, Pound, and Yen Strongly Retreat","datePublished":"2024-11-06T12:50:37+00:00","mainEntityOfPage":{"@id":"https:\/\/insights.onequity.com\/pt\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\/"},"wordCount":553,"publisher":{"@id":"https:\/\/insights.onequity.com\/pt\/#organization"},"keywords":["Currencies","Dollar","Euro"],"articleSection":["Currencies","Markets"],"inLanguage":"pt"},{"@type":"WebPage","@id":"https:\/\/insights.onequity.com\/pt\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\/","url":"https:\/\/insights.onequity.com\/pt\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\/","name":"Dollar Soars After Trump Victory, Euro, Pound, and Yen Strongly Retreat - OnEquity","isPartOf":{"@id":"https:\/\/insights.onequity.com\/pt\/#website"},"datePublished":"2024-11-06T12:50:37+00:00","description":"Dollar surges as Trump claims victory; euro, pound, and yen retreat. Analysts predict prolonged dollar strength with a Republican sweep.","breadcrumb":{"@id":"https:\/\/insights.onequity.com\/pt\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\/#breadcrumb"},"inLanguage":"pt","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insights.onequity.com\/pt\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/insights.onequity.com\/pt\/dollar-soars-after-trump-victory-euro-pound-and-yen-retreat-strongly\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/insights.onequity.com\/pt\/"},{"@type":"ListItem","position":2,"name":"Dollar Soars After Trump Victory, Euro, Pound, and Yen Strongly Retreat"}]},{"@type":"WebSite","@id":"https:\/\/insights.onequity.com\/pt\/#website","url":"https:\/\/insights.onequity.com\/pt\/","name":"OnEquity","description":"Your trusted choice in online trading","publisher":{"@id":"https:\/\/insights.onequity.com\/pt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insights.onequity.com\/pt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"pt"},{"@type":"Organization","@id":"https:\/\/insights.onequity.com\/pt\/#organization","name":"OnEquity","url":"https:\/\/insights.onequity.com\/pt\/","logo":{"@type":"ImageObject","inLanguage":"pt","@id":"https:\/\/insights.onequity.com\/pt\/#\/schema\/logo\/image\/","url":"https:\/\/insights.onequity.com\/wp-content\/uploads\/2026\/01\/cropped-onequity-favicon.png","contentUrl":"https:\/\/insights.onequity.com\/wp-content\/uploads\/2026\/01\/cropped-onequity-favicon.png","width":512,"height":512,"caption":"OnEquity"},"image":{"@id":"https:\/\/insights.onequity.com\/pt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insights.onequity.com\/pt\/#\/schema\/person\/aea7a32034766b228ef53b2fa11b133b","name":"OnEquity","image":{"@type":"ImageObject","inLanguage":"pt","@id":"https:\/\/secure.gravatar.com\/avatar\/1c908ff0d0e2f47fe0fea0a6f134fe270d20c6137e577de6d7e74c2f959342f8?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/1c908ff0d0e2f47fe0fea0a6f134fe270d20c6137e577de6d7e74c2f959342f8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1c908ff0d0e2f47fe0fea0a6f134fe270d20c6137e577de6d7e74c2f959342f8?s=96&d=mm&r=g","caption":"OnEquity"},"url":"https:\/\/insights.onequity.com\/pt\/author\/antonis\/"}]}},"_links":{"self":[{"href":"https:\/\/insights.onequity.com\/pt\/wp-json\/wp\/v2\/posts\/65499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insights.onequity.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insights.onequity.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insights.onequity.com\/pt\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/insights.onequity.com\/pt\/wp-json\/wp\/v2\/comments?post=65499"}],"version-history":[{"count":0,"href":"https:\/\/insights.onequity.com\/pt\/wp-json\/wp\/v2\/posts\/65499\/revisions"}],"wp:attachment":[{"href":"https:\/\/insights.onequity.com\/pt\/wp-json\/wp\/v2\/media?parent=65499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insights.onequity.com\/pt\/wp-json\/wp\/v2\/categories?post=65499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insights.onequity.com\/pt\/wp-json\/wp\/v2\/tags?post=65499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}