International Reaction To Election Results

 


 

International leaders responded differently to Trump’s victory, with sanguine responses from Mexico, Venezuela, and Iran. Russia’s Putin was more upbeat as he welcomed a restoration of ties with the U.S., which have faltered over the past few years.

 

Emerging markets are struggling with a rising U.S. dollar, which shifts assets away from emerging economies to the U.S. A strengthening dollar also increases interest rates in the U.S., making the U.S. a more attractive destination for investors seeking yield.

 

India initiated demonetization of its currency in order to limit corruption and criminals transacting illegal activities with Indian currency. Government officials withdrew all 500 and 1000 rupee notes from circulation, amounting to 86% of the total cash in circulation.

 

As a sign of possible global expansion, copper prices rallied internationally while forecasts for stronger economic growth helped propel prices. The metal is widely used in construction and infrastructure worldwide. (Sources: Reserve Bank of India, Reuters)

 

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