Dollar soars, euro tumbles as Trump wins US presidential election

The dollar surged to a four-month high after Donald Trump's victory in the U.S. presidential election. Markets reacted to expectations of policies that could accelerate U.S. growth and inflation. Trump's proposed tariffs and deregulation could impact global economies and currency markets. While the immediate impact was a stronger dollar, Trump's preference for a weaker currency adds uncertainty to long-term forecasts.