But after Mr. Trump’s victory speech, the dollar recovered its steep losses against European currencies, gold shed some gains, and the sharp slides that had come as his electoral-vote tally mounted overnight partly receded. “I think it unlikely the U.S. economy will be derailed,” said Michael Hintze, head of hedge fund CQS. Polls, bookmakers and forecasters had consistently pointed to a narrow victory for Democratic candidate Hillary Clinton, and markets had moved on those assessments. “It’s yet again against all polls or predictions.”Many investors said they were uneasy about the lack of specifics underlying some of Mr. Trump’s proposals and the uncertainty it would mean for markets. The Mexican peso, which had moved closely in line with Mr. Trump’s polling success during the election campaign, fell as much as 11% against the dollar before recovering to trade down 8.1%.

Source: Wall Street Journal November 09, 2016 08:12 UTC