President Donald Trump

Stocks Fall, US Dollar Dwindles and Mexican Peso Hits All-Time Low in Wake of Trump Election

So, Donald Trump is now the 45th President of the United States. But what does that mean financially?

Well, in a nutshell, it means that the Mexican Peso has reached an all-time low, the US dollar has taken a nasty hit, and stocks have fallen. That's the short-term news anyway

What's interesting is that gold enjoyed its biggest daily rally since the Brexit vote.

Investors have reacted to this worldwide financial mayhem by piling into safe-haven assets.

Despite the initial slump, the market has retreated somewhat as traders feel that Trump's acceptance speech was 'balanced and conciliatory'.

Speaking to the UK Telegraph, Kathleen Brooks, of City Index, said: "The first speech by President-elect Trump has had a calming effect on the markets. "This suggests that a win for President Trump is not yet America’s Brexit moment."

For a greater insight into the current financial situation in the wake of the election results, take a look at this...

Featured Image VIA

We will be following these changes, dips and shifts over the coming months, so keep your eyes peeled. What are your thought on the election results? Share your thoughts with us on Facebook and Twitter.

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