Trump’s victory speech was diplomatic and conciliatory, helping the markets to start to settle down after a tumultuous Asian session. Equity and currency markets are in turmoil as the unthinkable has become reality. On Thursday, the US will publish unemployment claims, with the estimate standing at 267 thousand.Īs Clinton was widely expected to cruise to the White House, Donald Trump’s upset election victory has stunned global markets (a Reuters release on Monday said that Clinton had a 90 percent chance of winning). On the economic front, there are no major releases out of US and no indicators in Canada. Trump garnered 276 electoral votes, beating Hillary Clinton who won 218 electoral votes. The volatility is in reaction to the shocking news on Wednesday that Donald Trump has won the US presidential election. The pair pushed above the 1.35 line before retracting to the 1.34 level. USD/CAD has posted sharp losses in the Wednesday session, as the pair trades just above the 1.34 line.
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