What you need to know about the new US dollar: Fact or fiction?

What you need to know about the new US dollar: Fact or fiction?

The dollar rose against a basket of currencies, but remained relatively tame against a range of currencies.

In contrast, the Japanese yen fell sharply against the greenback, as traders raced to buy and sell the Japanese currency in anticipation of the Fed raising interest rates.

The euro rose against the dollar after the EU and the UK agreed to increase their bond purchases.

It traded in a range against other major currencies, including the Japanese, the Chinese and the Russian.

Meanwhile, gold fell 0.4 per cent, as investors feared that a Trump victory would boost interest rates further.

The Dow Jones industrial average gained 474.83 points, or 0.7 per cent.

The S&P 500 index gained 23.65 points, Oracles said.

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