President Trump has indicated that there won’t be a stimulus package introduced before the election, saying “after the election we’ll get the best stimulus package you’ve ever seen.”

Despite this, the dollar is strong this morning, benefitting from its status as a ‘safe-haven’ currency. This is due to uncertainty surrounding COVID-19 and the election next week. The polls still predict a Biden win, however, the election in 2016 proves that the polls can be wrong.

Yesterday, a senior aide to Donald Trump said that the us “is not going to control the pandemic.” This comes as a record  number of daily cases was reported last week.

For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.

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