US elections 2016The 2016 campaign, minute-by-minuteDonald Trump wins US election: Obama offers congratulations 

 falls in peso and equities as Clinton defeated in race for the White House
The US dollar fell 2.5 per cent against the yen and 1.5 per cent against the euro. S&P 500 futures were down 3.4 per cent and gold was up 3.2 per cent. Treasury bond yields tumbled as investors sought out safe assets and marked down the chances of a December rate rise.
Donald Trump has won a stunning victory over Hillary Clinton, wrongfooting investors around the world and defying Republican and Democratic political elites with his populist “Make America Great Again” movement.
The victory by the political outsider, amplified by a Republican sweep of the Senate and House of Representatives, marks a repudiation of Barack Obama that was fuelled by a backlash against globalisation in the wake of the global financial crisis.
The result, which upended the predictions of most pollsters and investors, led to sharp swings in financial markets. The Mexican pesowas off 7.8 per cent after tumbling 12 per cent, its biggest drop since the country’s 1994-1995 devaluation crisis
The US dollar fell 2.5 per cent against the yen and 1.5 per cent against the euro. S&P 500 futures were down 3.4 per cent and gold was up 3.2 per cent. Treasury bond yields tumbled as investors sought out safe assets and marked down the chances of a December rate rise.
Mr Obama called Mr Trump early in the morning to congratulate him on his victory, the White House said, noting that the president-elect had been invited to Washington on Thursday to discuss transition planning. Mr Obama was expected to address the nation later today, setting out “steps we can take as a country to come together after this hard-fought election season.”
Mr Trump strode to victory with wins in battleground states, including Ohio and Pennsylvania, propelled by white, working-class “Trump Democrats”. These voters crossed party lines to back a billionaire who vowed to return jobs to America — echoing Ronald Reagan’s victory over Jimmy Carter in 1980.
In his victory speech in New York, the property developer concluded one of the most divisive campaigns in history by calling on the country to come together, as he stressed his intention to be a president for all Americans, whether they had supported him or not.
“Now it is time for America to bind the wounds of division. We have to get together,” he said. “To all Republicans and Democrats and independents across this nation, I say it is time for us to come together as one united people.”
After months of vicious rhetoric against his opponent, Mr Trump congratulated Mrs Clinton, who he said had called him to concede, and thanked the former first lady, senator and secretary of state for her years of public service.
“Hillary has worked very long and very hard over a long period of time and we owe her a major debt of gratitude for her service to our country. I mean that very sincerely,” he said. Mrs Clinton’s campaign said she would speak on Wednesday morning.
“As I’ve said from the beginning, ours was not a campaign, but rather an incredible and great movement,” Mr Trump said. “It’s a movement comprised of Americans from all races, religions, backgrounds and beliefs who want and expect our government to serve the people, and serve the people it will.”
After months of warm comments about authoritarian leaders such as Russian president Vladimir Putin, coupled with threats to downgrade America’s relationships with its allies, Mr Trump tried to assure the world that he would not be the temperamentally unfit commander-in-chief that Mrs Clinton and Mr Obama portrayed him to be.
“I want to tell the world community that while we will always put America’s interests first, we will deal fairly with everyone … all people and all other nations,” said Mr Trump. “We will seek common ground, not hostility; partnership, not conflict.”
With results still being counted, Mrs Clinton pulled ahead in the popular vote by just over 100,000 ballots, according to data from the New York Times. But the man who was widely dismissed as a joke when he announced his candidacy in June 2015 won a more convincing victory than even many supporters had believed possible.
In addition to winning Florida, Ohio, and North Carolina, Mr Trump’s appeal to working-class voters in the Midwest won him Pennsylvania — by 67,902 votes — and Wisconsin — by 26,788. Those states that had not backed a Republican since 1988 and 1984, respectively.
“It’s surprising, but (Mrs Clinton) winning Philadelphia and its upscale suburbs was clearly not enough to offset the record losses among white blue-collar voters in the rest of [Pennsylvania],” said Brendan Boyle, a Democratic congressman. “There is no question the Democratic Party needs to do a much better job in reaching out to these voters, who used to be reliably Democratic.”
In Michigan, another industrial state where Democrats have long counted on strong union support, Mr Trump won by 15,611 votes. In New Hampshire, his margin was 307 votes.
Coupled with the Republican victories in the House and Senate, the results provide Mr Trump with a clean state of power that Republicans have not enjoyed since the Reagan era.
With one position still unfilled on the nine-member Supreme Court, and the possibility of further age-related vacancies over the next four years, the new president is also likely to have a lasting impact on the third branch of government.
While many conservatives worried that Mr Trump was really a New York liberal who would not support their views, they accepted his candidacy after he unveiled a list of possible Supreme Court justices who were considered kosher.
Before the Associated Press called the race at 2.30am New York time, John Podesta, Mrs Clinton’s campaign chairman, told shell-shocked supporters at Manhattan’s Javits Center to go home, indicating that the former secretary of state had no plans to speak.
At Mr Trump’s election night event in the Hilton Hotel in Manhattan, supporters became increasingly euphoric as news of his wins came through on large screens on either side of the ballroom stage. As Fox News called Wisconsin and Iowa for Mr Trump the crowd erupted with shouts of “USA, USA”, while images of despondent Democratic supporters at Mrs Clinton’s gathering prompted boos and shouts of “drain the swamp”.
“Thank God for Donald Trump. This is once in 10 lifetimes that you see something like this,” said Joe Sparacio, a New York lawyer who had volunteered for the candidate and lived in one of his father’s buildings as a boy. “The American people are the greatest and they are a lot smarter than all these politicians give them credit for.”
By contrast, the initially jubilant Clinton campaign party soon turned sour as returns showed the tightening races in Virginia, Michigan, and Pennsylvania and Mr Trump running away with Ohio and Florida.
In the VIP audience, Mrs Clinton’s friends and supporters stood shell-shocked underneath a glass ceiling that remained decidedly un-shattered, as people close to the campaign tried to comprehend how their internal polling had been so wrong.
Vin Weber, a former congressman who is close to House speaker Paul Ryan and was a vocal critic of Mr Trump, said: “Americas role in the world is suddenly an open question. But I wouldn’t assume the worst. I’d assume a question mark.”
Around the world, Mr Trump’s victory triggered strong reactions from US allies and populist politicians.
“We must assume that US policy will, in the coming times, be less predictable for us,” said Frank-Walter Steinmeier, the German foreign minister, “and we must be aware that the US will be more inclined to make decisions alone”.
Vladimir Putin, Russian president, said: “Russia is ready and wants to restore fully fledged relations with the US. It won’t be easy, but we’re prepared to do our part.”
Theresa May, UK prime minister, promised to work with Mr Trump to bolster the so-called “special relationship” between Britain and America.
“We are, and will remain, strong and close partners on trade, security and defence. I look forward to working with President-elect Donald Trump, building on these ties to ensure the security and prosperity of our nations in the years ahead,” she said.
Benjamin Netanyahu, Israel’s prime minister, congratulated Mr Trump on his election as America’s 45th president.
“President-elect Trump is a true friend of the State of Israel, and I look forward to working with him to advance security, stability and peace in our region,” Mr Netanyahu said.
Additional reporting by Sam Fleming and Courtney Weaver in New York