# US shares, Bitcoin hit record high and dollar soars on Trump win

> US stocks and Bitcoin hit record highs and the dollar posted its biggest gain in eight years after Trump was re-elected. The dollar rose about 1.65% against a basket including the pound, euro and yen, while the euro fell 1.89%.

- Date: 2024-11-06 · published 2024-11-06T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/9520-us-shares-bitcoin-hit-record-high-and-dollar-soars-on-trump-win
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Markets are pricing in tariffs and tax cuts that could lift inflation and delay rate cuts, which keeps the dollar firm and makes US commodities more expensive for overseas buyers.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2024-11-06 | 1 | +0.9% | 3.6 | Reports the dollar up about 1.65% against a basket on 11/6 with the euro down 1.89%, closely matching the move. |
| DXY | 2024-11-13 | 5 | +1.9% | 2.8 | Dollar posted its biggest gain in eight years against a basket after Trump's re-election, with the euro down 1.89%. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-13 | [Dollar hits one-year high on Trump trades](https://feedsoft.ai/events/7556-dollar-hits-one-year-high-on-trump-trades.md) | -0.3% | +0.1% |
| DXY | 2024-11-06 | [Dollar soars, euro tumbles as Trump wins US presidential election](https://feedsoft.ai/events/5806-dollar-soars-euro-tumbles-as-trump-wins-us-presidential-election.md) | +1.9% | +1.5% |
| DXY | 2024-11-12 | [US dollar and bitcoin advance spurred by Trump tariff expectations](https://feedsoft.ai/events/6698-us-dollar-and-bitcoin-advance-spurred-by-trump-tariff-expectations.md) | +0.8% | +1.1% |
| DXY | 2016-11-16 | [Dollar hits 14-year high as Trump-fuelled bond sell-off resumes](https://feedsoft.ai/events/9131-dollar-hits-14-year-high-as-trump-fuelled-bond-sell-off-resumes.md) | +0.6% | -0.0% |
| DXY | 2016-11-14 | [Dollar hits 13-1/2 year high, U.S. bond yields gain on Trump stimulus bets](https://feedsoft.ai/events/8328-dollar-hits-13-1-2-year-high-u-s-bond-yields-gain-on-trump-stimulus-bets.md) | +1.4% | +0.8% |
| EURUSD | 2024-11-13 | [Dollar hits one-year high on Trump trades](https://feedsoft.ai/events/7556-dollar-hits-one-year-high-on-trump-trades.md) | -0.2% | -0.8% |
| EURUSD | 2024-11-06 | [Dollar soars, euro tumbles as Trump wins US presidential election](https://feedsoft.ai/events/5806-dollar-soars-euro-tumbles-as-trump-wins-us-presidential-election.md) | -3.2% | -3.2% |
| EURUSD | 2016-11-14 | [Dollar hits 13-1/2 year high, U.S. bond yields gain on Trump stimulus bets](https://feedsoft.ai/events/8328-dollar-hits-13-1-2-year-high-u-s-bond-yields-gain-on-trump-stimulus-bets.md) | -2.6% | -2.5% |

## Sources

- bbc.com: https://www.bbc.com/news/articles/c6246e3w935o

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.