Trump’s victory doesn’t appear to be an obstacle for a rate hike from the Fed.
Donald Trump’s balanced approach in his speech after his victory may suggest that he will allow the Fed to get on with their job. This includes hiking interest rates. The Fed doesn’t need to refrain from hiking interest rates to protect from stock market declines.
Financial markets are reacting to the triumph of Donald Trump over Hillary Clinton in the US presidential election.The US dollar has been recovered ever since Trump looked like a winner. The EUR/USD currency pair has fallen below EMA 200 (1.1047) on the daily chart. At the time of writing, the EUR/USD pair reaches 1.0935.