UPDATE - Trump comes from behind to win US presidency

ADDS TRUMP COMMENTS, ADDITIONAL DETAILS

By Michael Hernandez

WASHINGTON (AA) – President-elect Donald Trump has lived up to his boisterous campaign rhetoric, pulling off a come from behind win early Wednesday morning.

After securing Pennsylvania and Alaska earlier in the day, Trump was all but assured the presidency, which he did shortly after by claiming Wisconsin.

“It is time for us to come together as one united people,” he said during a victory speech in New York. "While our campaign is over, our work is really just beginning.

“America will no longer settle for anything less than the best”, he said, but pledged that “we will deal fairly with everyone”.

Democratic nominee Hillary Clinton earlier called Trump and congratulated him on his victory, he said. “We owe her a major debt of gratitude for her service,” he said.

So far the U.S. dollar has not reacted favorably to Trump's successes.

The dollar fell 0.75 percent against the British pound to 0.79 as of 0615GMT.

The greenback lost 1.75 percent against the euro to 0.89, 0.3 percent against the Chinese yuan to 6.76, and 2.8 percent against the Japanese yen to 102.4.

A Trump presidency is perceived to create more uncertainty for world markets, compared to Clinton, according to analysts.

And that uncertainty seeps through to Trump’s potential foreign policy as well.

“In addition to being very sort of, I guess the word would be ‘carnivalesque’,” said Anthony DiMaggio, a professor of political science at Lehigh University, “I don’t know how much we can take seriously of what he’s saying and how much we can’t. There’s no way to know. We just have to wait and see what happens.

“With regard U.S. involvement this really does tear down most of the things that the Obama administration has been doing,” DiMaggio said, pointing to the administration’s efforts on climate change and Iran.

On Russia, however, the chances for direct confrontation are far diminished when compared to a Clinton presidency, he added.

With both houses of Congress under Republican control, Trump will likely have significant leeway in crafting his foreign and domestic policies in the year ahead.