The dollar tumbled against the yen and euro while the Mexican peso fell off a cliff as polling results in the knife-edge U.S. presidential race pointed to a strong showing by Donald Trump.
The greenback plunged 3.8 percent to 101.47 yen and shed more than two percent against the euro, which bought $1.1232 in Tokyo trading.
The peso, which has become a proxy for the property mogul’s chances of becoming U.S. president, slumped to below 20 against the dollar, an historic low.
“Mr Trump has made it clear that he hates a strong dollar, which is a threat” to the floating-rate system, he added.
His “inward-looking policy” was moving financial markets, Karakama said.
Article source: http://www.dailystar.com.lb//Business/International/2016/Nov-09/380345-dollar-tumbles-against-yen-euro-on-strong-trump-showing.ashx