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EUR/USD Falls as Markets Come to Terms with Trump’s Victory

November 10, 2016 by

EUR/USD declined for the second day today as markets came to terms with the fact that Republic nominee Donald Trump won the presidential race. While his victory was considered a negative factor for the dollar earlier, now analysts speculate that his policies look inflationary and are going to encourage the Federal Reserve to continue raising interest rates.

Initial jobless claims fell from 265k to 254k last week while experts had predicted a small increase to 267k. (Event A on the chart.)

Treasury budget deficit rose a bit from $33.4 billion in September to $44.2 billion in October but was nowhere close to the forecast level of $81.9 billion. (Event B on the chart.)

EUR/USD as of 2016-11-10

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