US$ jumps as concerns on Trump win ease

London

THE US dollar on Thursday jumped to its highest level in two weeks and continued to reverse brief initial losses from the surprise election of businessman Donald Trump as US president, as markets awaited more clarity on his economic policy.

Mr Trump's shock victory over Hillary Clinton initially triggered a massive selloff in risk assets - sending the yen, euro and Swiss franc higher - before turning around in volatile trade, helped in part by Mr Trump's acceptance speech which focused on unity and economic growth.