Trump’s Victory Shakes the Czech Crown, Among the Hardest Hit Currencies Worldwide

As Donald Trump secures his return to the White House, the global financial markets are bracing for impact.

His victory has already sent economic ripples across the world, with the Czech crown emerging as one of the hardest-hit currencies globally.

The Czech currency ranks among today’s biggest losers, joining the Mexican peso and Hungarian forint in significant declines. On the flip side, the Russian ruble has defied the trend, strengthening amidst the Trump-driven market shifts.

For some world currencies, Trump’s presidency would spell even more turbulence. The Hungarian forint, for instance, stands particularly vulnerable.

Hungary’s economy depends heavily on China for electric battery production and Germany for its automotive industry—two sectors likely to feel the strain of Trump’s trade policies. Tariffs could place Hungary in a squeeze, damaging the forint further.

Ironically, the biggest challenge to Hungarian Prime Minister Viktor Orbán’s re-election bid in 2026 might not be domestic politics but Trump’s foreign policy.

The Czech crown faces a similarly uncertain future. Much like Hungary, the Czech Republic relies on open international trade, which may face hurdles under Trump’s tariff-heavy agenda.

Any barriers to this flow could directly undermine the Czech economy, with the crown likely to continue its downward trajectory.

Interestingly, stocks are defying expectations by trending upwards, even as forecasts suggest a “red wave” in the U.S., with Republicans expected to win not only the presidency but also gain control over both the Senate and House of Representatives.

Typically, markets favor a balance of power in the U.S., where political gridlock can temper policy extremes.

A Republican-controlled government may therefore unsettle markets looking for this stability.

Yet, contrary to conventional wisdom, investors seem unperturbed and continue buying, suggesting a more complex financial outlook ahead.

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