Dollar soars, bitcoin hits record, as Trump claims victory

Hong Kong (AFP) Nov 6, 2024

The dollar surged and bitcoin hit a record high Wednesday before Donald Trump claimed victory in the US election, with traders ramping up bets on fresh tax cuts, tariffs, and rising inflation. While polls had shown the race on a knife edge, the Republican fared far better than his Democratic opponent Vice President Kamala Harris as results rolled in. Both candidates picked up expected wi