Trump Trades Are Dialed Back Even More After the US Debate
- ‘Markets seem to have awarded Harris a victory,’ writes ING
- Strategists track post-debate moves in Bitcoin and the dollar
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Traders are further unwinding bets linked to Donald Trump winning the White House after he suffered what many pundits called a clear defeat in last night’s crucial debate with rival Kamala Harris.
Trump Media & Technology Group Corp. shares tumbled 14% and Bitcoin, an asset that’s been embraced by the former president, retreated slightly. A Bloomberg gauge of the dollar fell as much as 0.3% before recovering. A strong dollar has become somewhat associated with Trump given his plan to penalize countries moving away from the currency.