Market news
06.11.2024, 05:53

US Election 2024: Trump takes must-win North Carolina, Republicans win Senate control

Republican nominee Donald Trump is leading the US presidential race, most likely to become the 47th president, leading Democratic nominee Kamala Harris in most of the battlegrounds after taking the must-win swing state of North CarolinaThe resurgence of Trump trades has supported the renewed upside in the US Dollar (USD) and global stocks.

The current electoral vote tally is 227 for Trump and 189 for Harris, with the former US President taking hold of the swing states - Arizona, Georgia, Michigan, Pennsylvania and Wisconsin. 

Meanwhile, Fox News called Republicans in control of the US Senate yet again. Republicans won a key Senate seat in Ohio, with Trump-endorsed nominee Bernie Moreno projected to defeat Democratic Sen. Sherrod Brown, according to CNN News, flipping yet another seat for the (Grand Old Party) GOP.

The main focus is on the control of the House. If Democrats take the House majority, it could be a ‘divided government, causing policy gridlock for the likely Trump administration. Democrats need to flip just four seats to win control of the lower chamber

However, it appears that Republicans are still defending the control of the House by a narrow majority.

Market reaction

The US Dollar is consolidating the latest upswing against its major rivals. At the press time, the US Dollar Index (DXY) is trading at around 104.90, still adding 1.40% on the day.

 

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location