PANews November 6 news, financial website Forexlive analyst Adam Button said, I'm not sure what the foreign exchange market wants to tell us today, but all the declines in the US dollar earlier today have been wiped out. The main reason I have heard for the rise of the US dollar in the past month is the "red tide" (a big win for the Republicans). The idea here is that Trump and the Republicans will increase the deficit, cut taxes and keep yields high. In the after-hours market, Trump Media Technology Group (DJT.O) also rose nearly 20%, and Tesla's stock price also soared. I think the main driver is the exit polls in Georgia, which are good for Trump. However, early voting in suburban Georgia is good for Harris. The votes in Florida are also very supportive of Trump.
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