Trump's Victory Sparks Dollar Surge and Market Rally

Donald Trump's election as U.S. president has strengthened the dollar and rattled the euro. Anticipations of tariffs and tax cuts favor U.S. businesses and stocks. The Mexican peso and euro suffer, while Bitcoin reaches record highs. Republicans gain Senate control, potentially impacting U.S. tax and trade policies.

Donald Trump's rapid confirmation as the next U.S. president has sent ripples through global financial markets, causing a surge in the dollar and a decline in the euro. Investors are betting on tariffs that may affect trade and tax cuts that could potentially benefit U.S. businesses.

U.S. stock futures soared, marking one of the largest increases in a year. Meanwhile, Bitcoin achieved record highs, reflecting confidence in shifts within the digital financial sector. European stocks were buoyed, particularly in defense and banking sectors, as investors anticipated benefits from Trump's policies.

Republicans gaining control of the U.S. Senate boosted market confidence further, hinting at a "red sweep" of Congress, and suggesting significant shifts in U.S. fiscal strategies. Experts express caution, noting potential inflation and global trade impacts. Nonetheless, market trends indicate optimism towards U.S. economic prospects.

(With inputs from agencies.)