Dollar

Forex markets: Dollar, Donald Trump, coronavirus

U.S. one-hundred dollar banknotes are arranged for a photograph in Hong Kong on April 15, 2019.

Paul Yeung | Bloomberg | Getty Images

The dollar clung to familiar ranges on Monday as financial markets awaited news on the health of U.S. President Donald Trump, who last week tested positive for the coronavirus, sending investors into safe-haven assets.

Risk-sensitive markets such as stocks rallied in early Asian trade after Trump made a surprise appearance outside his hospital with an impromptu motorcade.

But with Trump’s medical status still unclear, the dollar index remained little changed against a basket of six major currencies, last sitting at 93.738.

“With not a lot of major economic indicators released this week, the focus all comes down to Trump’s illness,” said Daisuke Uno, chief strategist at Sumitomo Mitsui Bank.

“There is a welter of information about the severity of his condition, and that is making it difficult

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Dollar treads water as markets await news on Trump’s health

TOKYO (Reuters) – The dollar held tight ranges against its peers on Monday as investors awaited clarity on the health of U.S. President Donald Trump after he tested positive for the coronavirus, sending markets into safe-haven assets.

FILE PHOTO: U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo

“With not a lot of major economic indicators released this week, the focus all comes down to Trump’s illness,” said Daisuke Uno, chief strategist at Sumitomo Mitsui Bank.

“There is a welter of information about the severity of his condition, and that is making it difficult for market participants to make a move,” Uno said.

Just weeks before the Nov. 3 election, Trump was flown to hospital for treatment for the coronavirus on Friday, adding another layer of uncertainty and market volatility as Trump’s re-election campaign seeks to fend off Democratic challenger Joe Biden.

Doctors treating

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