The dollar was strong across the board yesterday, benefitting from its safe haven status due to coronavirus fears. It rallied after the ECB announced that they’ll leave interest rates unchanged, however, it looks to be slightly softer this morning.
Meanwhile, the top health official in the US said that the current testing system for coronavirus is failing. However, President Trump said that the US has “a tremendous testing set up.” Members of the Democratic Party and some Republicans have also expressed concerns over the lack of coronavirus testing.
Trump’s travel ban on flights from mainland Europe has been met with criticism, with EU leaders saying that he made the decision “without consultation.”
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