Finance news

• Mexico braces for powerful winds of 'Hurricane Trump'

  09-11-2016 23:51 via news.yahoo.com
  
  Mexico's central bank chief warned back in September that a Donald Trump victory in the US election would hit his country like a powerful storm. After Hurricane Trump made landfall, the peso fell to an all-time low Wednesday and the Mexican stock market plunged on fears Trump would make good on his promises to upend economic ties. Pena Nieto said he had congratulated Trump for his victory over Democrat Hillary Clinton during a "cordial, friendly and respectful" phone conversation.
  
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• World stocks rally on Trump's rise to the White House

  09-11-2016 23:49 via news.yahoo.com
  
  Global stock markets rallied Wednesday in response to Donald Trump's capture of the White House, recovering from the sharp downturn overnight in the initial aftermath of Hillary Clinton's shock defeat.
  
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• Canada currency falls but stocks edge higher after Trump win

  09-11-2016 23:38 via news.yahoo.com
  
  By Alastair Sharp and Fergal Smith TORONTO (Reuters) - Canada's currency ended lower on Wednesday while shares of energy producers and financials pushed the country's stock market slightly higher, as investors saw a Donald Trump presidency favoring the oil sector and possibly boosting growth. Some financial players talked about increased prospects of a Bank of Canada interest rate cut to underpin growth, which might be threatened by Trump's stance on trade. Energy stocks jumped 2 percent as bets
  
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• 'Flash crash' trader pleads guilty to spoofing, wire fraud

  09-11-2016 23:29 via news.yahoo.com
  
  By Tom Polansek CHICAGO (Reuters) - A London-based trader pleaded guilty to wire fraud and spoofing on Wednesday after being extradited to the United States to face federal charges related to his alleged role in the 2010 Wall Street "flash crash." Navinder Sarao, 37, who traded futures on the Chicago Mercantile Exchange from his parents' home near London's Heathrow Airport, appeared in a federal court in Chicago wearing an orange jail jumpsuit after losing a legal challenge to his extradition. U
  
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• IMF lifts censure of Argentina, praises new data

  09-11-2016 23:14 via news.yahoo.com
  
  The International Monetary Fund withdrew its 2013 censure of Argentina on Wednesday, praising the country's efforts to improve the economic data that had sparked the unprecedented move by the crisis lender. The IMF executive board said the nearly year-old government of President Mauricio Macri had made "important progress" in improving the standards of its GDP and inflation reporting required for any member of the Fund. The previous government of Cristina Kirchner ran afoul of the IMF with its n
  
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• Trump victory spurs physical gold buying in Europe

  09-11-2016 23:12 via news.yahoo.com
  
  By Marcy Nicholson and Clara Denina NEW YORK/LONDON (Reuters) - Spot gold prices surged nearly 5 percent with Donald Trump's surprise U.S. presidential election win spurring purchases of physical gold The flurry of buying on physical markets mostly took place in Europe, after Trump's victory was declared, when the price of spot gold surged by nearly 5 percent to a six-week high of $1,337.40 an ounce. Gold gave up gains during U.S. trading and turned slightly negative, as the dollar moved higher
  
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• US stocks surge following Trump victory; bond prices tumble

  09-11-2016 23:11 via news.yahoo.com
  
  It turns out that President Donald Trump may not be bad for the stock market after all.
  
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• U.S. stocks, bond yields jump after Trump shock, Mexican peso falls

  09-11-2016 22:51 via news.yahoo.com
  
  By Sinead Carew NEW YORK (Reuters) - Wall Street stocks rallied on Wednesday after a dramatic overnight sell-off, while bond yields jumped on inflation expectations and the Mexican peso was battered as investors reacted to Donald Trump's surprise win in the U.S. presidential election. While equity investors' election night panic turned to daytime jubilation, bond investors worried Trump's protectionist policies would ultimately weaken the dollar and hike inflation. U.S. 30-year Treasury bond yie
  
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• Canadian dollar recovers from 8-month low, still weaker on Trump win

  09-11-2016 22:40 via news.yahoo.com
  
  By Fergal Smith and Alastair Sharp TORONTO (Reuters) - The Canadian dollar pared losses after hitting an eight-month low against its U.S. counterpart on Wednesday as Republican Donald Trump's election to the White House raised fears about the outlook for Canada's trade-intensive economy. Canada relies heavily on selling goods and services into the much larger U.S. market, and strategists said that if Trump lives up to protectionist campaign talk it could force the Bank of Canada to take more sti
  
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• EBRD head says U.S. election's market impact not yet clear

  09-11-2016 22:21 via news.yahoo.com
  
  By Krisztina Than BUDAPEST (Reuters) - The lasting market impact of Donald Trump's U.S. presidential election win will not be clear until his administration's policy ideas become known, the head of the European Bank for Reconstruction and Development (EBRD) said on Wednesday. Wall Street stocks rose sharply on Wednesday, bouncing from a dramatic overnight sell-off in a volatile initial reaction to Trump's surprise win. "We have seen an immediate impact, but I think we have to wait for the medium
  
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• U.S. aerospace and defense industry welcomes Trump victory

  09-11-2016 22:20 via news.yahoo.com
  
  By Alwyn Scott SEATTLE (Reuters) - U.S. aerospace companies and lobbying groups embraced Donald Trump's presidential victory on Wednesday, setting aside fears that his policies would depress sales, shatter global alliances and roll back trade agreements. Defense contractors in particular stand to benefit from a Trump presidency, given his pledges to beef up the U.S. military. Boeing Co , which is finalizing a deal to sell 100 jetliners to Iran, congratulated Trump and members of Congress and sai
  
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• TSX rises as Trump presidency boosts energy

  09-11-2016 22:13 via news.yahoo.com
  
  TORONTO (Reuters) - Canada's benchmark stock index rose on Wednesday, led by energy producers, materials and financials, as investors saw Donald Trump's U.S. presidency favoring the oil sector and boosting economic growth. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 103.07 points, or 0.70 percent, at 14,759.91. Six of the index's 10 main industry groups ended higher. (Reporting by Fergal Smith)
  
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• Wall Street jumps after Trump wins White House

  09-11-2016 22:03 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks rose sharply on Wednesday in a dramatic turnaround from deep overnight losses as Wall Street digested the upset presidential election victory of Republican Donald Trump. The Dow Jones industrial average rose 255.27 points, or 1.39 percent, to 18,588.01, the S&P 500 gained 23.52 points, or 1.1 percent, to 2,163.08 and the Nasdaq Composite added 57.58 points, or 1.11 percent, to 5,251.07. (Reporting by Noel Randewich; Editing by James Dalgleish)
  
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• Bank of Canada seen on hold after Trump win, but rate cut chances rise

  09-11-2016 21:59 via news.yahoo.com
  
  By Leah Schnurr OTTAWA (Reuters) - The risk of another Canadian interest rate cut has risen with the U.S. election victory of Donald Trump, though economists expect the Bank of Canada to stand pat until 2018 as they gauge the economic impact of his campaign promises. A Reuters poll of primary dealers forecast the Bank of Canada's next move would be a hike in the first half of 2018, but analysts said fears about Trump's impact on Canadian trade have raised the risk of a cut. "If the bank is of th
  
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• Carrefour in the dock for 'abusive trade practices'

  09-11-2016 21:58 via news.yahoo.com
  
  French supermarket giant Carrefour will be brought before a commercial court to answer charges of "abusive trade practices", the economic ministry announced Wednesday. The charges relate to annual negotiations with suppliers and follow a search of Carrefour's headquarters in March as part of an investigation by the General Directorate for Competition Policy, Consumer Affairs and Fraud Control (DGCCRF). Economy Minister Michel Sapin said in a statement that Carrefour obliged suppliers to offer si
  
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• Trump victory clouds outlook for Time Warner-AT&T, other mergers

  09-11-2016 21:24 via news.yahoo.com
  
  WASHINGTON/NEW YORK (Reuters) - U.S. corporate dealmakers were likely to put major merger plans on hold as they assess whether U.S. President-elect Donald Trump will follow through on his populist promises and a threat to block AT&T Inc's purchase of Time Warner Inc , or act more like traditional business-friendly Republican administrations. Wall Street braced for a drop in deals, with Goldman Sachs on Wednesday projecting a 20 to 30 percent downside for earnings of banks that focus on merge
  
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• Mexico's Carstens says ready to act to protect economy

  09-11-2016 21:23 via news.yahoo.com
  
  MEXICO CITY (Reuters) - Mexico Central Bank Governor Agustin Carstens said on Wednesday that local policymakers have a series of tools they could use to protect the economy, if needed, following the election of Donald Trump as U.S. president.
  
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• Wall Street surges after Trump wins White House

  09-11-2016 21:21 via news.yahoo.com
  
  By Noel Randewich NEW YORK (Reuters) - U.S. stocks rose sharply on Wednesday in a dramatic turnaround from deep overnight losses as Wall Street digested the upset presidential election victory of Republican Donald Trump. After warning for months that a Trump White House would create uncertainty and damage sentiment, investors poured money into sectors that may benefit from the former reality show star's victory. It makes a lot of demands but it doesn't know what it wants," said Jake Dollarhide,
  
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• Aerospace and defense industry welcomes Trump victory

  09-11-2016 21:14 via news.yahoo.com
  
  Aerospace companies and lobbying groups embraced Donald Trump's presidential victory on Wednesday, setting aside fears that his policies would depress sales, shatter global alliances and roll back trade agreements. Boeing Co , which is finalizing a deal to sell jetliners to Iran, congratulated Trump and members of Congress and said it looked forward to working with them to promote global economic growth and protect workers. The warm response from the world's No. 1 plane maker echoed friendly ove
  
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• Trump economic message resonates; analysts fret over policies

  09-11-2016 20:50 via news.yahoo.com
  
  Donald Trump won the White House race arguing that the US economy is in dismal shape -- despite it growing better than other advanced economies. Now economists worry about how his views will impact growth going ahead, from the trade protectionism he espouses to criticism of Federal Reserve monetary policy. Despite four years of solid economic growth, with unemployment falling to 4.9 percent, Trump's opponent Democrat Hillary Clinton could not capitalize on the stronger economy left by President
  
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• U.S. stocks jump along with bond yields after Trump shock, peso falls

  09-11-2016 20:22 via news.yahoo.com
  
  By Sinead Carew New York (Reuters) - Wall Street stocks rose sharply on Wednesday, bouncing from a dramatic overnight sell-off, while the Mexican peso was battered as investors reacted to Donald Trump's surprise win in the U.S. presidential election. After sharp declines in U.S. stock futures overnight, equity investor panic eased but bond investors pushed up Treasury yields as they worried Trump's policies would ultimately weaken the dollar and hike inflation. U.S. long-dated Treasury yields ro
  
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• Bank of Canada seen on hold after Trump win, but rate cut chances rise: Poll

  09-11-2016 20:19 via news.yahoo.com
  
  By Leah Schnurr OTTAWA (Reuters) - The risk of another Canadian interest rate cut has risen with the U.S. election victory of Donald Trump, though economists expect the Bank of Canada to stand pat until 2018 as they gauge the economic impact of his campaign promises. A Reuters poll of primary dealers forecast the Bank of Canada's next move would be a hike in the first half of 2018, but analysts said fears about Trump's impact on Canadian trade have raised the risk of a cut. "If the bank is of th
  
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• Banks, healthcare lead post-election rally on Wall Street

  09-11-2016 19:59 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks rallied on Wednesday in a dramatic turnaround from overnight losses fuelled by the upset victory of Republican Donald Trump as investors poured into sectors that appeared poised to benefit from the policies of a Trump presidency. Heading into the latter stages of trading, each of the three major stock indexes were solidly in positive territory in the wake of Trump's win. "When you look at Trump's plans, they are actually pro-market," said Nad
  
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• Wall Street hopeful, anxious after Republican sweep

  09-11-2016 19:33 via news.yahoo.com
  
  NEW YORK: Donald Trump’s shock election to the presidency ensures Republican leadership of the executive and legislative branches, ending a period of split government that Wall Street has generally favored. Markets had been expecting an extension of this divided dynamic in Washington, rallying Monday and Tuesday after the FBI cleared Democrat Hillary Clinton in a probe into emails inked to her server, as the market priced the probability of a Democratic president coupled with a Republican
  
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• Canada currency pares losses, stocks climb after Trump win

  09-11-2016 19:33 via news.yahoo.com
  
  By Alastair Sharp TORONTO (Reuters) - Canada's currency pared some of its overnight losses while shares of energy producers and gold miners pushed its stock market up 1 percent as investors saw a Donald Trump presidency favoring the oil sector and potentially stoking inflation. Some financial players also talked about increased prospects of a Bank of Canada rate cut to underpin growth which might be threatened by Trump's stance on trade, though the implied probability of near-term move held arou
  
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• US stocks gain following Trump victory; bond prices tumble

  09-11-2016 19:27 via news.yahoo.com
  
  Major U.S. stock indexes moved higher in afternoon trading Wednesday as Wall Street sized up the implications of Donald Trump's stunning presidential election victory.
  
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• Stock market 'Trump slump' turns into rally

  09-11-2016 18:37 via news.yahoo.com
  
  World stock markets recovered from a sharp initial downturn to maverick Republican Donald Trump's shock election win on Wednesday, quickly regaining their poise with surprising resilience.
  
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• Atlanta Fed keeps U.S. fourth-quarter GDP growth view at 3.1 percent

  09-11-2016 18:32 via news.yahoo.com
  
  The U.S. economy is on track to grow at a 3.1 percent annualized pace in the fourth quarter following data on wholesale inventories in September, the Atlanta Federal Reserve's GDP Now forecast model showed on Wednesday. The Commerce Department said on Wednesday domestic wholesale inventories grew 0.1 percent in September, less than the 0.2 percent increase forecast among economists polled by Reuters. The forecast of the contribution of U.S. inventory investment to fourth-quarter GDP growth incre
  
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• JPMorgan CEO Jamie Dimon asks for unity in post-election memo

  09-11-2016 18:09 via news.yahoo.com
  
  NEW YORK (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon called on employees, business leaders and government officials to work together on solutions to the United States' problems on Wednesday, in response to the surprise presidential election results. In a memo to employees, Dimon cited a "deep desire for change" and a frustration with the economy among the electorate, which voted Republican candidate Donald Trump into office. "We need to listen to those voices," Dimon wrote, c
  
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• Forget glamor, model Lily Cole wants tech for good to encourage women, girls

  09-11-2016 18:00 via news.yahoo.com
  
  By Belinda Goldsmith LISBON (Thomson Reuters Foundation) - As a British supermodel and actress, Lily Cole has lived a life of glamor, but it is her new role as a social entrepreneur using technology to do good that she hopes will inspire women. Cole, who was attending Europe's largest tech event, the Web Summit, in Lisbon, said the use of technology was critical to help build a shared economy and stronger communities.  The whole point of Impossible People is taking people back to a time whe
  
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• Boeing congratulates Trump, congressional leaders on victories

  09-11-2016 18:00 via news.yahoo.com
  
  SEATTLE (Reuters) - World's No. 1 plane maker Boeing Co , which is finalizing a deal to sell jetliners to Iran, on Wednesday congratulated President-elect Donald Trump and members of Congress on their election victories and said it looked forward to working with them to promote global economic growth and protect workers.
  
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• U.S. stocks pare losses after Trump shock, Mexican peso falls

  09-11-2016 17:11 via news.yahoo.com
  
  By Sinead Carew New York (Reuters) - U.S. stocks on Wednesday clawed back the losses suffered overnight as investors digested Donald Trump's surprise win in the U.S. presidential election, while the Mexican peso was battered. After sharp declines in U.S. stock futures and in Asian shares overnight as the election results became clear, many money managers had braced for sharp declines when Wall Street opened. Mexico's peso recovered some ground after falling to a record low.
  
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• Wall Street swings in post-U.S. election rollercoaster

  09-11-2016 17:02 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks were little changed on Wednesday, rebounding from stunning overnight losses fueled by the U.S. election as sectors that appeared poised to benefit from a Donald Trump presidency led the charge. A curb on drug pricing was one of the key campaign themes for Democratic nominee Hillary Clinton, while Republican President-elect Donald Trump has called for repealing the Affordable Care Act and loosening restrictions on banks enacted after the finan
  
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• European carmakers fear Trump fallout on trade, Iran

  09-11-2016 16:41 via news.yahoo.com
  
  FRANKFURT/PARIS (Reuters) - Germany's mighty automakers wasted little time on Wednesday in voicing concern that Donald Trump's election as U.S. president may damage trade, and with it their business. "It is to be feared that the United States under a new president, just like China, will mainly focus on their own economy at the expense of international trade flows," said the VDA, an association representing Volkswagen , BMW and Daimler along with other manufacturers and suppliers. Trump's surpris
  
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• Dollar rises as investors re-price Trump victory

  09-11-2016 16:39 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - The dollar rose in early North American trading as investors re-evaluated the impact of the victory of Republican Donald Trump in the U.S. presidential election. The dollar had fallen 2 percent in the aftermath of Trump's shock win over heavily favored Democrat Hillary Clinton, kindling fears of economic and political turmoil and calling into question the rise in U.S. interest rates that had been expected in December. "The one thing we do know is we’re
  
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• Canada currency falls on Trump win, but gold miners buoy stocks

  09-11-2016 16:30 via news.yahoo.com
  
  Canada's currency and long-term bonds fell in early trading on Wednesday as investors digested the implications of Donald Trump's U.S. presidential election victory, but soaring gold miners helped push its stock market into positive territory. The Canadian dollar also came off the worst of its lows overnight, as some of the knee-jerk selling of riskier assets abated. A 0.6 percent rise in TransCanada Corp , which stands to gain from the potential approval of the Keystone XL pipeline, and a 1.3 p
  
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• Stock markets recover from 'Trump slump'

  09-11-2016 16:13 via news.yahoo.com
  
  World stock markets reacted with a sharp initial downturn to maverick Republican Donald Trump's shock election win on Wednesday, but quickly recovered their poise with surprising resilience. Europe followed suit, tipping about two percent lower at the open in Frankfurt, London and Paris. "Donald Trump's victory in the US presidential election has, so far, had less impact on financial markets than most anticipated," said Andrew Kenningham, Senior Global Economist at Capital Economics.
  
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• Dow opens higher, Nasdaq dips as markets digest shock Trump win

  09-11-2016 15:50 via news.yahoo.com
  
  NEW YORK: Wall Street stocks were mixed at the open Wednesday following Donald Trump’s shock win in the US presidential election, as hopes of a pro-business agenda offset effects of higher uncertainty.Stock futures initially plunged overnight as results suggested the unpredictable Trump was on his way to a defeat of Democrat Hillary Clinton, who had been viewed as a steady hand. Two minutes into trading the Dow Jones Industrial Average was up 0.5 percent at 18,423.79, while the Nasdaq Comp
  
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• Germany aims to agree climate plan in time for Morocco talks

  09-11-2016 15:42 via news.yahoo.com
  
  Chancellor Angela Merkel's government will hammer out the final details of a delayed climate plan in the coming days so it can be presented at global climate talks in Morocco next week, her spokesman said on Wednesday. Economy Minister Sigmar Gabriel, leader of the Social Democrats (SPD) who share power with Merkel's conservatives, blocked a deal late on Tuesday on the plan that aims to reduce the country's CO2 emissions by 55 percent by 2030. "It was jointly agreed that in the next few days a d
  
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• Ford vows to work with Trump after criticism of Mexico investments

  09-11-2016 15:40 via news.yahoo.com
  
  WASHINGTON (Reuters) - Ford Motor Co, the second largest U.S. automaker that has endured scathing criticism from Donald Trump over its Mexican investments, on Wednesday vowed to work with the new president-elect. "We agree with Mr. Trump that it is really important to unite the country – and we look forward to working together to support economic growth and jobs," Ford spokeswoman Christin Baker said. Trump repeatedly said during the campaign that if elected he would not allow Ford to open
  
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• Wall Street opens lower after Trump wins U.S. election

  09-11-2016 15:34 via news.yahoo.com
  
  REUTERS - U.S. stocks opened lower on Wednesday after Republican Donald Trump was elected 45th U.S. president, defeating heavily favored Democrat Hillary Clinton. The Dow Jones industrial average was down 25.55 points, or 0.14 percent, at 18,307.19, the S&P 500 was down 10.84 points, or 0.51 percent, at 2,128.72 and the Nasdaq composite was down 41.65 points, or 0.8 percent, at 5,151.84. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Saumyadeb Chakrabarty)
  
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• Construction, pharma, gold miners seen as Europe's top Trump trades

  09-11-2016 15:06 via news.yahoo.com
  
  Gains in those three sectors helped pull European stocks off their early lows that had followed a slump in Wall Street futures. Healthcare stocks were the biggest outperformers, up 2.8 percent, followed by basic resources , up 2.4 percent, and construction and materials , up 1.2 percent. Markets had expected Democrat contender Hillary Clinton to win the election rather than Trump, a political outsider with no experience of public office.
  
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• Dollar, stocks, Mexican peso fight back as Trump shock fades

  09-11-2016 14:57 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - The U.S. dollar, Mexican peso and world stocks fell on Wednesday as Donald Trump swept to victory in the U.S. presidential election, but fears of a Brexit-style shock that wiped trillions off global markets has failed to materialise so far. As the Wall Street open neared, European shares were down less than 1 percent and traders were returning to other markets that had been sent into a tailspin as it became clear Trump was set for a dramatic victory over Democrat
  
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• Trump advisors vow economic growth under Trump administration

  09-11-2016 14:52 via news.yahoo.com
  
  WASHINGTON (Reuters) - Donald Trump's economic advisor Peter Navarro on Wednesday sought to reassure the markets, saying the Republican president-elect would help boost economic growth once in the White House, aided by a Republican-controlled Congress.
  
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• EU proposes reformed trade defense against Chinese dumping

  09-11-2016 14:39 via news.yahoo.com
  
  The European Commission proposed on Wednesday a new way to assess whether Chinese manufacturers are exporting products such as steel at unfairly low prices in response to Beijing's demand for change by the end of the year. The European Union and many of China's other trading partners have been debating whether to grant China "market economy status" (MES) from mid-December, which Beijing says is its right 15 years after it joined the World Trade Organization. For now, China is treated as a specia
  
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• Russia revels in Trump victory, looks to sanctions relief

  09-11-2016 14:25 via news.yahoo.com
  
  By Andrew Osborn and Christian Lowe MOSCOW (Reuters) - Russia's parliament erupted in applause after a lawmaker announced that Donald Trump had been elected U.S. president and Vladimir Putin told foreign ambassadors he was ready to fully restore ties with Washington. Moscow is hoping that improved relations could yield an elusive prize: the lifting or easing of Western sanctions. Rolling back those sanctions, imposed by the United States and the European Union to punish Moscow for its 2014 annex
  
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• Markets suffer 'Trump slump' on shock election win

  09-11-2016 14:22 via news.yahoo.com
  
  World stock markets sank Wednesday after maverick Republican Donald Trump surprisingly won the US election, triggering chronic uncertainty that sent investors fleeing for safe-haven assets, dealers said.
  
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• India's shock bank note ban sparks cash chaos

  09-11-2016 14:14 via news.yahoo.com
  
  The shock measure also sent shudders through the investment community on a day when the markets were also reeling at the election of Republican candidate Donald Trump as the next U.S. president. India's National Stock Exchange share index slumped as much as 6.3 percent in early trade before recovering most losses to close the day off 1.3 percent. The currency move, announced late on Tuesday night by Prime Minister Narendra Modi, aims to bring billions of dollars worth of unaccounted wealth into
  
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• Dollar, global stocks, Mexican peso fight back as Trump shock fades

  09-11-2016 14:11 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - The U.S. dollar, Mexican peso and world stocks fell on Wednesday as Donald Trump swept to victory in the U.S. presidential election, but fears of a Brexit-style shock that wiped trillions off global markets has failed to materialise so far. As the Wall Street open neared, European shares were down less than 1 percent and traders were returning to other markets that had been sent into a tailspin as it became clear Trump was set for a dramatic victory over Democrat
  
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• Dollar recovers earlier losses after Trump wins U.S. election

  09-11-2016 14:09 via news.yahoo.com
  
  By Jemima Kelly LONDON (Reuters) - The dollar recovered most of the 2 percent it had earlier lost on Donald Trump's shock victory in the U.S. election on Wednesday, with investors not clear on whether a Trump presidency would be unambiguously bad for the currency. Republican candidate Trump sent shock waves around global financial markets by defeating heavily favoured Democrat candidate Hillary Clinton, kindling fears of economic and political turmoil and calling into question the rise in U.S. i
  
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