Here is what you need to know on Thursday, November 7: The US Dollar (USD) outperformed its major rivals on Wednesday as markets reacted to Donald Trump winning the US presidential election.

USD/CAD retreats from its all-time high of 1.3958, reached in the previous session.

Stock market today: Sensex and Nifty fell sharply during Thursday's intraday trading session as investors turned cautious ahead of the US Federal Reserve's rate decision.

The NZD/USD pair softens to around 0.5940 during the early Asian trading hours on Thursday.

TOKYO :A dollar rally triggered by Republican Donald Trump's victory in the U.S. presidential election could heighten pressure on the Bank of Japan to raise interest rates as soon as December to prevent the yen from sliding back toward three-decade lows.Trump's victory in the U.S. presidential election unleas

RBI interventions keep USD/INR pair stable, while focus remains on U.S. Fed policy and officials' comments for momentum.

The Pound Sterling (GBP) bounces sharply to near 1.2935 against the US Dollar (USD) in Thursday’s London session after refreshing an almost 11-week low near 1.2830 on Wednesday.

The Australian Dollar (AUD) appreciates following the release of China's Trade Balance data on Thursday.

TOKYO : The dollar hovered off a four-month high on Thursday as the market continued to digest Republican Donald Trump's win in the U.S. presidential election, while investors eyed several central bank decisions that will be topped off by the Federal Reserve.The Fed is expected to cut interest rates by 25

Gold price (XAU/USD) faced challenges as the dollar-denominated precious metals struggled due to a stronger US Dollar (USD) following the victory of former President Donald Trump in the US election.

The Indian Rupee (INR) rebounds on Thursday. Nonetheless, the upside of the local currency might be limited amid a rally in the US Dollar (USD) and higher bond yields, which are bolstered by Donald Trump’s victory in the US presidential elections.

TOKYO: The dollar hovered off a four-month high on Thursday as the market continued to digest Republican Donald Trump's win in the US presidential election, while investors eyed several central bank...

The USD/CHF pair softens to near 0.8750 during the early European trading hours on Thursday.

Japan’s Finance Minister Katsunobu Kato on Tuesday that “we must take this chance to achieve an escape from deflation and recovery in Japanese economy.” He further noted that it is “important to achieve fiscal health while we strongly push for economic recovery.” Market reaction USD/JPY remains in the red near 154.30 following these above comments, losing 0.22% on the day.

The USD/CAD pair extends the rally to near 1.3940 during the early Asian session on Thursday.

The AUD/JPY cross extends its upside to near 102.05 on Thursday during the Asian trading hours.

The Canadian Dollar (CAD) snapped a recovery against the Greenback on Wednesday, slipping back into familiar multi-year low territory after markets piled back into the USD following the US presidential election, where presidential candidate Donald Trump is the clear frontrunner.

Atsushi Mimura, Japan’s Vice Finance Minister For International Affairs and top foreign exchange official, said on Thursday, he is “closely watching FX moves with a high sense of urgency.” He added that he is “ready to take appropriate actions for excess FX moves if necessary.” Market reaction USD/JPY eased off 154.72, its intraday high, losing 0.11% on the day to trade near 154.50 following these verbal warnings.

The S&P 500 surged 2.5% on Wednesday, Nov. 6, as investors absorbed election results and attention shifted toward Thursday's Fed rate announcement.

Markets celebrated Donald Trump's election victory on Wednesday.The Dow soared by more than 1,400 points. Bank stocks, tech shares and bitcoin rallied

Wall Street stocks closed sharply higher on Wednesday after news outlets called the 2024 presidential election for Donald Trump.

Gold plunged to a three-week low below $2700 a troy ounce on Wednesday after the 2024 US Presidential election.

The AUD/USD pair plunged 1.25% to 0.6555 on Wednesday after Donald Trump's US presidential election victory sparked enthusiasm for the US Dollar.

The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, surged to a four-month high after former US President Donald Trump secured the necessary electoral votes to become the next US president.

The Greenback was set for its biggest one-day gain since 2020, boosted by Trump’s victory and the rising chances of a “Red Sweep.” Up next is the Fed meeting, where a 25-basis-point rate cut is widely expected by investors.

London stocks ended Wednesday in mixed territory as markets processed Donald Trump’s surprise landslide victory in the US presidential election.

U.S. stocks stormed to records as investors bet on what Donald Trump’s return to the White House will mean for the economy and the world.

The Pound Sterling plunged over 1.20% against the US Dollar on Wednesday after former US President Donald Trump won the 2024 Presidential election.

The US Federal Reserve is expected to announce a quarter-point interest rate cut this week, shrugging off the economic uncertainty raised by Donald Trump's US election victory to continue easing borrowing costs on the back of cooling inflation.

The US Federal Reserve is expected to announce a quarter-point interest rate cut this week, shrugging off the economic uncertainty raised by Donald Trump's US election victory to continue easing borrowing costs on the back of cooling inflation.

Spot gold fell 2.8% to $2 668.40 an ounce as of 9:17 a.m. in New York.

Stock prices, bond yields and cryptocurrencies like bitcoin surged in the US as voters returned former President Donald Trump to the White House and the Republican party gained control of the Senate.

US stocks soared as Trump won the 2024 election, boosting market confidence.Large bank stocks and Trump Media shares surged, anticipating looser

U.S. futures skyrocketed ahead of the opening bell as voting results showed former president Donald Trump was the winner of the 2024 presidential race.

Iran’s currency fell on Wednesday to an all-time low as Donald Trump clinched the U.S. presidency again, signaling new challenges ahead for Tehran as it remains locked in the wars raging in the Middle East.

U.S. stocks stormed to records as investors bet on what Donald Trump’s return to the White House will mean for the economy and the world.

The USD/CAD pair recovers Tuesday’s sell-off and returns above the key figure of 1.3900 in North American trading hours on Wednesday.

Iran’s currency fell on November 6 to an all-time low as Donald Trump clinched the U.S. presidency again, signalling new challenges ahead for Tehran as it remains locked in the wars raging in the Middle East.

NZD/USD trades down by over three quarters of a percent in the 0.5940s as the US Dollar (USD) strengthens across the board following the announcement that the Republican nominee Donald Trump won the US presidential election.

Stocks rallied in Europe and Japan and fell in China while U.S. stock futures soared. | Economy

Stocks surged to record highs Wednesday after Republican Donald Trump won the U.S. presidential election, as market participants assessed the potential impact of having the former President back in the White House.

Forex traders cite strong dollar, FII outflows; expect rate cut; rupee settles at 84.30; Sensex, Nifty surge.

The USD/CHF pair rallies to near 0.8750 in Wednesday’s European session.

TEHRAN, Iran — Iran’s currency fell on Wednesday to an all-time low as former President Donald Trump was on the verge of clinching the U.S. presidency again, signaling new challenges ahead for Tehran as it remains locked in the wars raging in the Middle East.

In the stock market by 2:28 pm, the S&P BSE Sensex was up by 1055.31 points, reaching 80,531.94, while the NSE Nifty50 gained 311.95 points, trading at 24,525.25.

The U.S. stock market, Elon Musk’s Tesla, banks and bitcoin are all storming higher Wednesday as investors bet on what Donald Trump’s return to the White House will mean for the economy and world. Among the losers the market sees: solar-power companies and potentially anyone worried about higher inflation.

US elections: Donald Trump has already declared victory, and his win appears to have fuelled optimism on Dalal Street as Sensex has surged over 1,000 points.

The rupee opened at an all-time low of 84.23 against the greenback, registering a fall of 14 paise over its previous close.

Small-caps, crypto stocks, and financials appear to be leading the charge amid a second Trump administration.

Small-caps, crypto stocks, and financials appear to be leading the charge amid a second Trump administration.