Rand likely to weaken if Trump fulfills his economic policies - economist

The US dollar has plummeted as Republican Donald Trump wins the US presidential elections defeating Democrat Hillary Clinton at the polls on Wednesday.

Trump's victory sees the end of eight years of Democratic rule in the US.

Analysts predict this change will send the United States on a 'new, uncertain path'.

Chief executive of Pan African Holdings, Dr Iraj Abedien, says Trump's win is a surprise to the markets. But, people should not be misled by the immediate reaction of the US dollar.

Abedien says if Donald Trump fulfills his promises, the dollar will become stronger, and other currencies like the rand will become weaker.

When economic policies of Trump begins to shape in the next couple of months, the dollar will have a different reaction.

Dr Iraj Abedien, chief executive of Pan African Holdings

Listen to the audio below to hear more economic implications of Trump's win...


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