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Currencies

This Month

Donald Trump with his sons: The US dollar is among the biggest beneficiaries of the president-elect’s sweeping victory.

US dollar surge to wreak havoc on $A, commodities

The powerful rally in the greenback since the US election has prompted strategists to rapidly adjust currency forecasts as investors flee metals and the Aussie dollar.

  • Alex Gluyas
Bitcoin’s rally is showing no signs of slowing down.

‘The chase is on’: Bitcoin tipped to hit $US100,000 within weeks

A record rally in the flagship cryptocurrency has ETF providers reporting huge inflows and exchanges enjoying frenetic activity.

  • Updated
  • Alex Gluyas
Donald Trump said during his campaign he wanted to make the United States “the crypto capital of the planet”.

The crypto industry spent $197m on the US election

The cryptocurrency industry spent more than $A197 million to back political candidates in the US election who supported softer regulations on crypto. It paid off.

  • Santul Nerkar
A Trump presidency is good news for crypto.

Bitcoin tipped to hit $US100,000 as euphoria floods crypto

Traders are betting its rally through $US76,000 is just the beginning of a powerful bull market, sparked by looser regulation under the return of Donald Trump.

  • Alex Gluyas
The Australian dollar took a beating on Tuesday.

Aussie dollar slumps on Trump’s return to the White House

The Aussie was among the biggest losers on Wednesday while bond yields surged as traders bet on just one rate cut in 2025 when Trump returns to the White House.

  • Updated
  • Cecile Lefort
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Billionaire Elon Musk support of Trump and backing of Dogecoin has sent the memecoin soaring.

Money piles into bitcoin as Trump wins election

Bitcoin rallied to a record on the prospect of Donald Trump returning the White House. Elon Musk-backed dogecoin, meanwhile, soared more than 20 per cent.

  • Updated
  • Sarah Jones
Vice President Kamala Harris has renewed momentum coming into the last day of campaigning, polling showed.

Investors taper Trump trades amid late momentum for Harris

The US dollar hit a two-week low overnight as traders unwind some of their aggressive positioning in expectation the former president will return to the White House.

  • Sarah Jones

October

Bitcoin has surged more than 70 per cent this year.

Investors flood into bitcoin, gold as Trump bets surge

Brokers are experiencing a wave of cash into cryptocurrencies and gold as investors ramp up bets that the former president will return to the White House.

  • Updated
  • Alex Gluyas
Several economic forces that once weighed on the AUD now seem to be shifting in its favour, potentially driving further strength.

Why the Aussie dollar can rebound above US70¢

Investors may want to consider increasing exposure to Australian dollar-denominated assets or reviewing hedging strategies that benefit from a stronger currency.

  • Todd Hoare
NAB’s Rodrigo Catrill says uncertainty with the outcome of next week’s US election has weighed on the local currency.

$A will ‘struggle to punch higher’ as US election weighs on sentiment

The local currency has declined for four consecutive weeks as nervous investors pile into the greenback one week out from the US election that one national poll has Donald Trump ahead.

  • Joanne Tran
Convenient convert: Donald Trump speaks at a bitcoin conference in Nashville, Tennessee.

Bitcoin traders position for ‘seismic’ shift under Trump

The largest cryptocurrency came within striking distance of a record this week as pundits eye $US80,000 if Donald Trump does return to the White House.

  • Alex Gluyas
Investors expect drastic interest rate cuts by the Reserve Bank of New Zealand as the economy deteriorates.

Markets bet on drastic cuts after NZ slashes rates

The kiwi hit a seven-week low after New Zealand’s jumbo rate cut, but Citi is tipping the RBNZ could go another 75 basis points next month to arrest slowing growth.

  • Cecile Lefort

September

More certainty in the regulatory environment will help Investment  in cryptocurrencies.

Blockchain revolution won’t wait for Labor to catch up

Blockchain needs to be regulated properly before more investors take the plunge. Yet, the Albanese government is still missing despite its earlier pledges.

  • Simon Kennedy

Original URL: https://www.afr.com/markets/currencies