Wednesday, 09 November 2016 - 9:41
Dollar drops on Trump victory fears
The dollar tumbled versus the yen, euro and swiss franc as results from critical battleground states Florida, North Carolina and Ohio showed greater-than-expected support for Donald Trump, boosting speculation the Republican nominee is set be elected president of the United States.
The dollar fell as much as 3.5 percent against the yen, the biggest intraday decline since the U.K.’s decision to exit the European Union, 1.8 percent against the euro and 2 percent against the Swiss franc.
Overnight implied volatility on the dollar-yen exchange rate climbed to the highest since July, gaining for the third day. Mexico’s peso tumbled to a record.