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Trump fear fans dollar rally, emerging market sell-off

The dollar almost hit 107 yen for the first time since July in US trade and it maintained most of the gains in Asia, sitting at 106.62 yen on November 11, 2016, well up from the 101.20 yen touched in the initial panic of Donald Trump's winThe dollar soared against high-yielding currencies and Asian emerging markets sank on Friday on the prospect of higher US interest rates, with dealers betting Donald Trump’s planned huge spending policies will fire inflation. Despite an all-time high close on Wall Street, investors across Asia turned cautious on uncertainties linked to a Trump presidency, while the Mexican peso fell back towards record lows on worries about the firebrand tycoon’s anti-Mexico stance. After an initial shock, global equities rocketed on news Trump had beaten Hillary Clinton, with investors hoping for business-friendly policies and measures to boost the US economy, a key driver of world growth.

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President #Trump: U.S. dollar is "getting" too strong - CBS News https://t.co/dgXYXgHi36 #dollar https://t.co/iSWPww2cBR - 2 months ago
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