US Dollar Surges on Trump Election Speculation

The U.S. dollar has surged following Donald Trump's election victory, triggering fears of economic repercussions globally, particularly for the British economy, which could see growth halved if Trump imposes new tariffs. Analysts predict significant government borrowing and inflationary pressures due to Trump's fiscal policies, which are expected to expand the U.S. deficit and raise Treasury yields. The Indian rupee hit an all-time low against the dollar as market expectations of increased government spending under Trump intensified. The dollar rose approximately 1.5% against the yen and euro, with early election results showing Trump performing better than expected in key states. Speculators are now betting on a