Trump wins US election, dollar rises to four-month high

As investors position themselves for the prospect of Donald Trump winning the U.S. presidential election, the dollar has risen to a four-month high. In a report, Sengbao Bank analyst Ipek Ozkardeskaya said that the so-called "Trump trade" is in full swing because the election results are pointing to a favorable outcome for this former president. The "Trump trade" refers to bets that his proposed policies (including tax cuts and tariff reductions) will trigger inflation and lead to higher interest rates.