The prices of USD and Bitcoin surged following the assassination attempt on Donald Trump last week, reflecting higher expectations of his electoral victory.
The Dollar Index, which measures the strength of the USD against a basket of major currencies, rose by 0.2% to 104.3 points. U.S. government bond yields also increased as investors believe that the economic policies of Republican presidential candidate Donald Trump will accelerate inflation and the U.S. debt burden.
Trump’s commitments to raising import tariffs could drive prices higher. Meanwhile, his stance on restricting immigration could further tighten the U.S. labor market, increasing wage pressures.
Investors now believe that the assassination attempt on July 13 will boost Trump’s chances of winning the election, while also raising geopolitical risks in the market. Experts suggest that Trump’s punch after the failed assassination attempt is seen as a gesture of resilience and ability to handle difficult situations.
U.S. stock futures indices, including the S&P 500 and Nasdaq, both increased by 0.2%. Bitcoin surged past $61,300 per coin this morning, its highest level in two weeks. The cryptocurrency’s price rose due to the candidate’s favorable stance towards digital currencies.
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