09 Nov '16, 8am

Trump win causes uncertainty for global economy

Some experts have compared Trump’s shock win to the recent Brexit vote in the UK. UPDATED: Donald Trump has been elected the 45th President of the United States after beating Hillary Clinton, in one of the most divisive elections in modern US history. The shock win has caused the US dollar and other major currencies to weaken significantly. As of this afternoon, the Singapore dollar is trading at S$1.39 against the US dollar. Some experts PropertyGuru spoke to compared Trump’s win to the recent Brexit vote in the UK. “Similar to the impact of Brexit, the result of the US presidential election is likely to cause further uncertainty in terms of the global economic recovery and is likely to lead to a rush towards safe haven assets,” said Nicholas Holt, Asia Pacific Research Head at Knight Frank. “Along with gold and triple-A rated government bonds, prime real estate in key gl...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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