Euro Looked Set to Fall With Yen Regardless of Trump Win: Chart

(Bloomberg) -- The euro and yen looked poised for declines against the dollar regardless of who would win the U.S. election. Both currencies were already in downtrend channels going back to June on technical charts, as the prospect of Federal Reserve interest-rate increases inched up from post-Brexit nadirs. Donald Trump’s victory did accelerate the currencies’ drop versus the greenback -- especially Japan’s -- as Treasury yields rose on speculation his promise of fiscal stimulus will fuel inflation.

To contact the reporter on this story: Netty Ismail in Singapore at nismail3@bloomberg.net. To contact the editors responsible for this story: Garfield Reynolds at greynolds1@bloomberg.net, Jake Ulick