Dollar Hits One-Year High as Trump Clinches Election Victory.

The dollar reached a one-year high following Donald Trump's victory in the US presidential election, leading to increased Treasury yields due to expectations of his policies maintaining high interest rates. Trump's proposed measures, such as tax cuts and tariffs on imports, are anticipated to boost inflation and slow down Federal Reserve rate cuts, resulting in a stronger dollar. The euro and other major currencies weakened amid concerns about trade tariffs impacting global growth, while hedge funds and traders adjusted their positions in response to the election outcome. [Extracted from the article]