The USD rate and global financial markets are plunging, while the votes are being estimated at US presidential elections, BBC reports.

As per data as of 7:15 MT, the euro strengthened to the US dollar more than by 2% to USD 1.12, and the pound – more than by 1%.

The US dollar plummeted against the Japanese yen more than by 3% and against the Swiss franc more than by 2%.

It is happening amid the news that Republican candidate Donald Trump took a lead at US elections. According to exit poll data, the businessperson won in Ohio, the voting results in which usually coincide with US presidential elections results. According to ABC forecast, Trump also won in North Carolina.

According to exit polls, Democratic candidate Hilary Clinton won in Oregon, Virginia and Colorado.

The news on possible victory of Donald Trump led to panic on markets, Bloomberg reports. The S&P 500 index futures fell more than by 4.3%. The Dow Jones index futures plunged by 3.6%. The investors, purchasing futures, stake on the index value in the future, in this case in December.

As per Bloomberg data, the panic on markets led to the demand on different “defense assets”, for example, US treasury bonds.

All Asian exchanges plunged. The Japanese index Nikkei dropped by 4%.

The Donald Trump’s victory on US elections can lead to significant correction, Capital Economics economist report. According to economists’ forecast, in case of final victory of Donald Trump the dollar will seriously plummet against large global currencies, for example, Swiss franc and yen.

However, in the meantime, the USD rate will rise against all currencies of developing countries. It is already happening with Mexican peso.

According to economists’ opinion, the investors will get rid of all risky assets. It will lead to a drop in oil prices and other types of raw materials.