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Dollar climbs as Trump makes early gains in exit polls; Bitcoin rises
The dollar rallied broadly on Nov.6 as early exit polls in the extremely close U.S. presidential election appeared to give an edge to Republican Donald Trump.
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U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won/File Photo / Reuters
The dollar rallied broadly on Nov.6 as early exit polls in the extremely close U.S. presidential election appeared to give an edge to Republican Donald Trump.
With 10.1 percent of the vote counted in key battleground state Georgia, Trump had 60.9 percent to Democrat Kamala Harris' 38.6 percent, according to Edison Research.
Trump won eight states in the election while Harris captured three states and Washington, D.C., Edison Research projected. The early results were as anticipated, with the contest expected to come down to seven swing states.
Trump's tariff and immigration policies are seen as inflationary by analysts, buoying the dollar.
The dollar index - which measures the currency against six major peers including the euro and yen - rose 0.76 percent to 104.14 as of 0048 GMT.
The euro dropped 0.77 percent to US$1.0844, while the dollar added 0.68 percent to 152.64 yen.
Bitcoin climbed more than 3 percent to US$71,317. Trump is seen as more actively supportive of cryptocurrencies than Harris.
"It is too early to call any of these races and to make any real projections on the results so far, but the U.S. dollar has regained a lot of ground lost recently," said James Kniveton, a senior corporate forex dealer at Convera.
"Risk currencies such as the AUD that appreciated ahead of a tightening race are having a pullback as Trump racks up some early wins."
The Aussie slid 0.63 percent to US$0.6595.
The U.S. currency jumped more than 1 percent to 20.3050 Mexican pesos. It rose 0.46 percent to 7.1291 yuan in offshore trading. Mexico and China are among countries that stand to be hardest hit by Trump tariffs.
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