donald trump: That sent stocks down and gold prices up sharply — and weakened the U.S. dollar, as traders pondered a possible win by Donald Trump, over front-runner Hillary Clinton, according to The Toronto Star. The Mexican peso has been see-sawing but saw a further slide, as investors believe a Trump victory would hurt U.S. trade with Mexico, especially because he has vowed to build a wall along the southern border. By Vanessa LuBusiness reporter Fri., Nov. 4, 2016 As polls showed a sudden tightening in the U.S. presidential race in the final stretch, financial markets were sent reeling by the possibility of a Trump presidency on Tuesday. In part, this reaction comes over the uncertainty of what a Trump win would bring — from trade deals to U.S. economic growth to whether the U.S. Federal Reserve would hike interest rates in December, as it has been expected to do.A Clinton victory is seen as little change, even status quo, because as a Democrat, it would essentially transfer power from one Democratic administration to another. We have to adapt and manage around this, he said. Article Continued Below This is probably unheard of that we have such stark contrasts in presidential candidates and policy-making, said Luc de la Durantaye, managing director of CIBC Asset Management. react-text: 151 The U.S. dollar was weakened as traders pondered a possibly win by Republican presidential candidate Donald Trump. /react-text So I think the risk ahead of the election has unnerved the market much more than usual, he said, noting that markets had not priced in any probability of a Trump win until last week stunning announcement from the FBI that it was reopening an investigation into Clinton private email server.
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