Commodity prices plummeted on Wednesday as US elections ended in a victory for Donald Trump, causing investors to flock to the safe-haven dollar.
Investors viewed Trump’s policy stance as supportive of near-term economic growth, TreasuryONE currency strategist Andre Cilliers said, as his policies tended to favour deregulation and lower taxes. This was evidenced by a surge in US stock futures as investors prepared for a more business-friendly administration. ..
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