However, there are worries about his plans after saying he will tear up several trade deals while ramping up import duties. It also surged against the high-yielding units as dealers worry about Trump's protectionist plans. The Indonesian rupiah plunged more than five%, Australia's dollar was down two% and Malaysia's ringgit lost 1%. The dollar was also up 3.3% at 20.64 Mexican pesos, close to its all-time highs. "Trump’s economic policies will force the Fed to raise the funds rate at a faster pace than otherwise, which is dollar bullish."

Source: Bangkok Post November 11, 2016 04:46 UTC