American citizens elected President Barack Obama for his post for one more 4-years long mandate. Beating all the uncertainties in the poll, statistics proved he won the final match. It is almost certain that he will continue his previous foreign economic politics in search of consensus with a diplomatic tone.
Mitt Romney admitted that Obama was a tough competitor in the presidential elections. The president shared that the elections were a hard challenge, but there is more ahead. US crippled economy is one of the major concerns in the new 4 year term.
The country’s foreign policy would remain focused on the Pacific parts of Asia. India will continue to be an important milestone for the US politicians.
However, the reelection of the President re-affirms investors that the ongoing loose monetary policy will continue. If Romney had won, the political approach could have been different.
The reelection of Obama is essential to the Asian markets. The results affected stock markets. Wednesday the dollar fell in Asian foreign trade. Later in the day, the trade exchange of the dollar against the yen and euro also slipped down. Market dealers bet that the Federal Reserve will proceed in flooding the foreign markets.
The elections in the US are expected to influence the result in the Israeli election. A lot of people hope for a change. Obama may change the course of policy in the region in the upcoming term. If he doesn’t act, the status of USA’s only real ally in the Middle East will be endangered, according to media observers. Some suggest the president needs to change the focus of the foreign policy towards Iran.
