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US dollar and bitcoin surge, but bond prices tumble, as investors pile into ‘Trump trades’ – business live

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Rolling coverage of the latest economic and financial news

The euro is having a torrid morning against the US dollar, sliding by 1.8%.

That knocks the euro down by two cents against the US dollar, sliding to $1.073 this morning from $1.093 last night.

The euro – which is one of the most vulnerable major currencies to Trump presidency due to the tariff threat – tanked to 1.0718 against the greenback. Mexican peso – which is another currency highly vulnerable to a Trump win – is down by 3%.

Continue reading…Rolling coverage of the latest economic and financial newsUS election 2024 live: Donald Trump wins Georgia in second crucial swing-state victory; Kamala Harris postpones speechBetting markets swing hard to Trump with early election talliesThe euro is having a torrid morning against the US dollar, sliding by 1.8%.That knocks the euro down by two cents against the US dollar, sliding to $1.073 this morning from $1.093 last night.The euro – which is one of the most vulnerable major currencies to Trump presidency due to the tariff threat – tanked to 1.0718 against the greenback. Mexican peso – which is another currency highly vulnerable to a Trump win – is down by 3%. Continue reading…