The dollar has been reacting to news of President Trump’s condition, after he was taken into hospital last week for testing positive for COVID-19. As it is a safe-haven currency, it has weakened against the euro due to positive news of Trump’s recovery. It is thought that he could be discharged as early as today.
This Wednesday evening, Vice President Mike Pence and Vice Presidential Candidate, Kamala Harris, will take part in a debate.
Non-farm payrolls released on Friday showed that the US economy added 661,000 jobs in September, easing sharply from an upwardly revised 1.489 million in the previous month, and below market forecasts of 850,000.
There is a series of data due for the US this week, including PMI data today and Balance of Trade figures on Tuesday.
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.
