As early vote counts in the U.S. presidential election show candidate Donald Trump holding a slight lead, a strong dollar trend is emerging in the domestic foreign exchange market.
As of 1:30 PM on the 6th, the won-dollar exchange rate stands at 1,398.1 won. The won-dollar rate opened at 1,374.0 won, down 4.6 won from the previous trading day, but has surged sharply during the session.
This is interpreted as former President Trump leading Vice President Kamala Harris in the early stages of the U.S. election vote count.
According to local media breaking news, former President Trump has secured 230 electoral votes so far, while Vice President Harris has secured 187. To win the U.S. presidential election, a majority of 270 electoral votes is required.
If former President Trump is elected, concerns arise that U.S. protectionism, including tariff increases, will intensify, which is considered a factor strengthening the dollar.
Not only the won-dollar exchange rate but also Bitcoin surpassed an all-time high of $74,000 on the same day, intensifying the "Trump trade" phenomenon. Former President Trump has shown a positive perception of virtual assets such as Bitcoin.
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