Global markets reacted to the expected announcement of former U.S. President Donald Trump as the 47th President of the United States on Wednesday morning, factoring in the likelihood that he will pursue looser fiscal policies alongside protectionist measures, such as tariffs.
The foreign exchange (FX) market took center stage, with the USD hitting a 4-month high as news of Trump’s probable victory spread. The USD index, which measures the dollar against a basket of major currencies, climbed to 104.97 at 12:14 UTC+2.
Currencies from developing markets, along with the yuan and euro, continued their downward trend, impacted by concerns over Trump’s “America First” stance and anticipated trade tariffs.
On Wednesday, the euro experienced its sharpest drop since the COVID crisis, falling over 1.75% to 1.0740, as reported by Euronews.
Politico commented that Europe has been unsettled since Trump remarked in October, “To me, the most beautiful word in the dictionary is ‘tariff.’” The block is jittery over the potential of a new wave of trade conflicts between the U.S., China, and Europe, fearing greater economic strain on Europe this time around.
Meanwhile, in the cryptocurrency market, Bitcoin surged by 8.6% on Wednesday morning, reaching a record high of $75,389, buoyed by the perception that Trump may be more favorable toward cryptocurrencies than Harris.
U.S. stock futures also hit record highs, driven by investor expectations of lower taxes and higher interest rates, according to Reuters. Additionally, the yield on 10-year Treasury notes rose to a four-month high.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Current Account Deficit Fell by €573.2ml Feb. 2025: BoG
The improvement of Greece’s current account was mainly attributed to a more robust balance of goods and, to a lesser extent, an improved primary income account
Hellenic Food Authority Issues Food Safety Tips for Easter
Food safety tips on how to make sure your lamb has been properly inspected and your eggs stay fresh.
Greek Kiwifruit Exports Smash 200,000-Ton Mark, Setting New Record
According to data by the Association of Greek Fruit, Vegetable and Juice Exporters, Incofruit Hellas, between September 1, 2024, and April 17, 2025, kiwifruit exports increased by 14.2%.
Easter Tourism Boom: Greece Sees 18.3% Surge in Hotel Bookings
Among foreign markets, Israel has emerged as the biggest growth driver, with hotel bookings more than doubling—up 178.5% year-on-year.
Greece to Launch Fast-Track Tender for Offshore Hydrocarbon Exploration
Last week, Papastavrou signed the acceptance of interest for the two Cretan blocks, while similar decisions regarding the two Ionian Sea blocks were signed by his predecessor
American-Hellenic Chamber of Commerce to Open Washington D.C. Branch
AmCham's new office aims aims to deepen U.S.-Greece economic ties and promote investment and innovation between the two countries
Why Greece’s New Maritime Spatial Plan Is a Geopolitical Game-Changer
This landmark development is more than just a bureaucratic step — it's a strategic declaration about how Greece intends to use, protect, and assert control over its seas
Eurozone Inflation Eases to 2.2% in March
Compared to February, inflation decreased in 16 member states, remained unchanged in one, and rose in ten.
Bank of Greece: Primary Gov. Surplus €4.1b Jan.-March 2025
The data released today by the Bank of Greece revealed that the central government’s overall cash balance recorded a surplus of €1.465 billion in the first quarter of 2025, compared to a deficit of €359 million in the corresponding period of 2024.
Greek Government Reissues 10-Year Bond Auction for €200 Million
The amount to be auctioned will be up to 200 million euros, and the settlement date is set for Friday, April 25, 2025 (T+5)
![Πλημμύρες: Σημειώθηκαν σε επίπεδα ρεκόρ στην Ευρώπη το 2024 [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/04/FLOOD_HUNGRY-90x90.jpg)
