On November 22, foreign exchange traders were betting that Trump’s policy agenda would cause violent fluctuations in the foreign exchange market. A daily trading volume of US$7.5 trillion means that investors believe unpredictability will be a key feature of Trump’s term. It remains unclear how quickly Trump will implement policies such as trade tariffs, which could have a major impact on currencies such as the euro.
There are also unknowns about how countries will respond to Trump’s measures and what impact those countermeasures will have on markets.
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<p>The post FX Traders Eye Trump’s Impact on Global Markets first appeared on CoinBuzzFeed.</p>