Dollar soars, bitcoin hits record, stocks gain as Trump win seen

While polls have shown the race for the White House on a knife edge, the Republican appeared to be faring better than his Democratic opponent Vice President Kamala Harris in early projections. Both candidates have picked up expected wins in safe states, but indications that the business tycoon was edging it boosted the so-called Trump Trade. Signs that the former president's party was notching up better results in Congressional races boosted the prospect of sweeping tax cuts, more tariffs and deregulation -- seen as a boost for the greenback.