The virtual triumph of Donald Trump in the presidential elections of the USA It has already begun to cause an echo internationally, not only because of the gratitude of some leaders, but also because of the economic issue.
After knowing the trends in favor of the Democratic candidate, the American dollar and Bitcoin They have benefited greatly, gaining strength in their value against other currencies, one of them the Mexican peso.
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At the beginning of this Wednesday, November 6, the national currency It was quoted at 20.61 units per dollarexceeding the 20.11 pesos per dollar with which it closed the previous day.
According to information on the site “Investing.com”the behavior of the Mexican peso after the virtual victory of Donald Trump has been quite active, a new reaction is expected when the Democrat’s victory is made official.
For its part, Bitcoin skyrocketed, reaching a price of more than 74 thousand dollars During the early hours of this Wednesday, it currently remains at an average close to 73 thousand dollars.
New all-time high for #Bitcoin!
It just hit $74,000 and is still going up 📈 pic.twitter.com/XK1I5O2Y6V— Binance Latinoamérica (@BinanceLATAM) November 6, 2024
Donald Trump favors Tesla shares
Elon Muska collaborator and businessman close to the Democrat’s campaign, has also benefited, since Tesla shares had a significant increase in its value during the night of last November 5 and the early morning of this day.
In the absence of an announcement by the Electoral College, Musk is expected to finally reveal whether the plant that was contemplated in Monterrey will be built or if it will be transferred to any region in the United States.
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Interview between Time.news Editor and Economic Expert on Recent US Elections and Market Impact
Editor: Welcome to Time.news, where we delve into current events and their broader implications. Today, we have an esteemed guest, Dr. Emily Carter, an economic analyst specializing in international finance and currency markets. Thank you for joining us, Dr. Carter.
Dr. Carter: Thank you for having me. I’m excited to discuss these developments.
Editor: With Donald Trump’s recent virtual triumph in the presidential elections, we’re witnessing some significant shifts in the global economic landscape. Can you explain what’s happening with the US dollar and Bitcoin since the election results?
Dr. Carter: Absolutely. Following the news of Trump’s favorable position in the elections, both the US dollar and Bitcoin have seen noteworthy gains. This kind of response is not unusual; economic stability or anticipated policies can influence investor confidence in currency values.
Editor: Interesting! So, how exactly has the Mexican peso reacted to these shifts?
Dr. Carter: The Mexican peso has weakened against the US dollar. Just recently, the peso was quoted at 20.61 units per dollar, which is an increase from the 20.11 per dollar close from the previous day. This indicates a significant moment for currency exchange rates when investor sentiment shifts dramatically.
Editor: What do you think is driving this trend? Is it the anticipation of Trump’s policies or something deeper?
Dr. Carter: It’s a combination of factors. Investors are reacting to the expected economic policies of a Trump presidency, which are typically pro-business and may enhance growth expectations. At the same time, there’s a sentiment of uncertainty around Brazil, Argentina, and other regional economies, which can shift investments towards perceived safe havens like the US dollar and cryptocurrencies like Bitcoin.
Editor: You mentioned Bitcoin. How does it fit into the picture, especially now?
Dr. Carter: Bitcoin often acts as an alternative investment and a hedge against inflation and currency devaluation. In times of political or economic uncertainty, like what we’re observing now, more investors turn to it. The increase in its value correlates with a growing inclination to seek secure asset classes during volatile periods.
Editor: Very insightful! Moving forward, given the potential for economic changes under Trump’s leadership, what should investors be cautious of?
Dr. Carter: Investors should keep a close eye on policy changes, especially regarding trade and foreign relations. Additionally, fluctuations in interest rates and inflation also play pivotal roles in currency valuation and investment strategies. It’s a time for vigilance as the markets are likely to be reactive to any new developments.
Editor: Thank you, Dr. Carter. As we approach this new chapter in U.S. politics and economics, your insights help clarify the complexities involved.
Dr. Carter: Thank you for having me. It’s a fascinating time in both politics and finance, and I look forward to seeing how things unfold.
Editor: And thank you to our audience for joining us. Stay tuned for more updates as we continue to explore the impact of the recent elections on the global economy.