Market news
06.11.2024, 07:48

Breaking: Trump inches closer to presidency after winning decisive Pennsylvania swing state

  • Former president Donald Trump wins Pennsylvania, according to the Associated Press, putting him short of three electoral votes for the presidency.
  • Trump could take the election by just winning in Alaska or any other swing state.
  • Trump's likely victory favours the so-called Trump trades, with the US Dollar and Bitcoin soaring.

Former US president Donald Trump is about to officially win the 2024 US presidential election. The Republican candidate has won in Pennsylvania, a key swing state, according to the Associated Press. Trump's win in this key state, as well as his lead in others, puts him on the verge of victory.

Trump had already won in other key states such as Georgia and North Carolina. The Republican nominee has secured 267 electoral votes, just three under the 270 electoral votes needed to become president. Kamala Harris, meanwhile, has secured 224 electoral votes.

Trump holds a commanding lead in other key states such as Michigan, Wisconsin, Nevada and Arizona. Winning all of them would result on a clean sweep of all key swing states. In any case, securing Alaska – a Republican stronghold – would be enough for Trump to win.

Some estimates also suggest that Trump could win in the popular vote, the first Republican candidate to do so in 20 years.

"This is a magnificent victory for the American people," Trump said in his first speech after almost securing the victory. "America has given us an unprecedented mandate," he added.

The US Dollar soars more than 1.5% on Wednesday, according to the DXY US Dollar Index. Meanwhile, Bitcoin jumps 6% and has reached a new all-time high. Meanwhile, Gold retreats further from recent highs, falling 0.6% on Wednesday.

(developing story, please refresh for updates)

 

© 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