The dollar rose by its steepest margin since 2016 and the benchmark U.S. Treasury yield rose Wednesday by its widest level since April.

The Canadian dollar slumped to its lowest in two years against the US currency after Donald Trump surged to victory in the American presidential election. The loonie traded as low as C$1.3959 per US dollar on Wednesday morning as the greenback strengthened in response to the Republican candidate’s decisive win.

Bitcoin hit a record, Tesla stock soared and a wide range of markets around the world moved sharply as Donald J. Trump claimed victory.

Donald Trump's victory in the U.S. presidential election unleashed a massive rally in the dollar, drove stocks to record highs and punished bond prices as expectations of tax cuts and tariffs on imports drove optimism about economic growth while fueling worries about inflation.

Donald Trump's victory in the U.S. presidential election unleashed the biggest one-day rally in the dollar in four years, fueled rallies in U.S. stocks and punished bond prices as expectations of tax cuts and tariffs on imports drove optimism about economic growth along with worries about inflation.

Stock prices, bond yields and bitcoin surged Wednesday as voters returned former President Donald Trump to the White House and the Republican party gained control of the Senate. Investors expect Trump's victory to lead to faster economic growth and more market-friendly policies.

Major stock markets around the world rallied on Wednesday, while bitcoin hit a record high and the dollar was set for its biggest one-day jump in four years as Donald Trump was elected U.S. president.

The dollar surged, stocks rallied and bitcoin struck a record high Wednesday as the world gears up for a Donald Trump presidency that analysts say could rekindle inflation.