Greenback dips steeply, as Trump on potential path to American presidency
On Wednesday, the greenback descended further during Asia trade on safe haven demand as results revealed that the American presidential race leaning toward Republican candidate Donald Trump as only a handful of major battleground states could potentially lead to victory for counterpart Hillary Clinton.
The currency pair USD/JPY traded at 101.80, dipping 3.20%. Besides this, AUD/USD was worth 0.7630, tumbling 1.70%, while GBP/USD earned 0.99% to 1.2506. As for EUR/USD, it traded at 1.1254, ascending 2.07%.
Voting outcomes in major states of Pennsylvania, New Hampshire as well as Virginia remained too close to call, as American television networks told on Tuesday evening, with exit polls as well as early trend results filtering in showing a Trump win in Ohio and probably Florida and North Carolina, thus leading to volatile markets Wednesday in the Asian time zone.
The US dollar index, evaluating the greenback’s value against a trade-weighted basket of six key currencies, tumbled 1.71%, being worth 96.21.