Dollar holds gains, oil currencies fall after Trump positive Covid test

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Analysts say it added 'another layer of uncertainty' to the forthcoming election. FMTNews

US President Donald Trump and first lady Melania Trump have tested positive for Covid-19 just a month before the presidential election.

Currencies seen as riskier bets fell across the board, with a fall in oil prices also pressuring the commodities-exposed Russian rouble, South African rand and Australian dollar. “The Covid infection of President Trump will certainly diminish risk appetite,” they added in a note. Against a basket of six major currencies the dollar rose 0.1%, but remains down 0.8% for the week – its biggest weekly drop since late August. The euro fell 0.3%.

 

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