Dollar demonstrates rally against the Trump's victory

The dollar held close to the peak of three and a half months against the yen on Friday after rising last night, caused by the growth of the markets bets for the US economy and the rise in interest rates during the presidency of Donald Trump.
By 5.30 GMT the dollar fell slightly to 106.63 yen after rising to 106.950 yen at night - a maximum of 21 July.
The dollar is preparing to finish the week woth 3.3 percent growth against the Japanese yen, although earlier it was believed that the safe yen would gain against dollar in case of Trump's victory on presidential election in the United States.
The dollar on Wednesday briefly fell to around 101 yen after the Republican defeated Democratic candidate Hillary Clinton.
Now, however, the dollar demonstrates rally amid risk aversion and US bonds yields rise due to expectations that the Trump policy will support costs and accelerate inflation.
Trump promised large-scale of tax cuts and developing of infrastructure that can increase the US budget deficit.
Mexican peso stood at the level of 20.55 to the dollar, close to the record low reached on Wednesday.
The euro traded near $1.0906 after losing 1 percent last night and preparing to show a drop by 2.3 percent for the week.
The dollar has not changed to a safe Swiss franc, holding at a level of 0.9860 after falling to near three-month low of 0.9550 on Wednesday.
Sterling held position against the dollar, trading just below the monthly peak of $1.2585, reached on Thursday.

Key comments of Saxo Bank on the results of the US elections and the reactions of markets

Here are the key comments of Strategic Team of Saxo Bank shortly after announcing the results of the US elections and the reactions of the markets:

John Hardy, head of "Forex Strategies" at Saxo Bank

- The markets have already made conclusions
- The reaction in the US dollar is in line with the expectations
- USD/JPY is rated correctly, nothing changes basically
- It will be interesting to see what will be the next move against the status quo in Europe
- The clock is ticking for Janet Yellen

Steen Jakobsen, chief economist and CIO at Saxo Bank

- I'm currently in Russia, where they are not surprised by the victory of Trump
- It's not that Trump wins, but that Clinton lost again
- It's about the antiglobalizm and the coming of age of a generation "Berlin Wall"
- People can not live another eight years without change
- The likelihood of higher interest rates in the US dropped

Peter Garnri, head of "Strategies in securities" at Saxo Bank

- Today (on Wednesday) we will see a repeat of the reaction of the markets after Brexit
- Financial markets in Asia Pacific behave better than expected
- We can expect serious dynamics in Mexican stocks

Ole Hansen, head of "Strategies in raw materials" at Saxo Bank

- Oil and copper are down, bets on gold increase
- The Trump's policy on fuels can help restore oil production in the US
- Gold is necessary to close above 1.330 dollars to signal movement towards the peaks of 1.375 dollars that were in July
- We're already seeing great excitement in gold volumes

The dollar steadied against the euro after a shock reaction to the victory of Donald Trump

The US dollar steadied against the euro and the majority of the world's currencies after falling sharply against the background of the panic caused by the victory of Donald Trump's presidential election in the United States.
Despite the fact that before voting probability of presidency for Hillary Clinton was estimated at 80%, D. Trump managed to win in the key "fluctuating" states. His victory was called by the US media the biggest surprise in the history of the US electoral system.
The euro exchange rate against the US dollar by 20:38 GMT was $1.0922 compared with $ 1.1026 at the close of the previous session. Earlier in the trade, the dollar fell to $1.1300 per euro.
Meanwhile, the Mexican peso fell in value by 7.5%, earlier that day its fall against the dollar exceeded 11%, which was a record for 20 years. According to economists, the election of President Trump could worsen relations between the two countries and to reduce the volume of trade. The newly-elected president spoke about the possible cancellation of a free trade zone with Mexico and Canada. Canadian dollar against the US dollar decreased by 1%.

HSBC: Gold could rise to $1,500 an ounce if Trump wins the elections

The price of gold could rise to 1,500 dollars an ounce by the end of 2016 if Donald Trump wins the presidential election in the United States, analysts from HSBC said. On Tuesday there was published a poll, which shows that Trump for the first time since May, was pulled over Hillary Clinton. According to the study the candidate for US president Donald Trump is ahead of Hillary Clinton by 1%.
US presidential election will be held on 8 November. Gold is growing rapidly, adding 0.88 percent to 1288 dollars per ounce, analysts reported. Trump victory will undoubtedly contribute to the growth of quotations of gold since the policy of trade protectionism to which he adheres, will put pressure on the growth rate of the US economy, they added.

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BTMU: USD/JPY remains in range to the US elections

Analysts at Bank of Tokyo-Mitsubishi UFJ have a neutral view on USD/JPY, as they look to the next week and expect the pair to move between ¥102.50 and ¥104.50, while consider possible a risk of appreciation of the exchange rate.
Trading on the USD/JPY remains stable. All major markets, the yen bonds and the Exchange's Nikkei are stable, indicating low volatility and turnover in the past two weeks, analysts say.
Next week the yen will be bought by exporters, analysts said.
Their operations may increase at the end of the month, while the yen will likely be sold by Japanese investors who can keepthe pair to the lower border of the range of the rise in the exchange rate of USD/JPY, they added.
The dollar is unlikely to be strong on the eve of the US presidential election, experts write.