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Trump's Covid-19 comeuppance sees investors shelter in the Dollar and the Yen

Reuters
Reuters • 3 min read
Trump's Covid-19 comeuppance sees investors shelter in the Dollar and the Yen
The USD gained 0.6% on the risk-sensitive AUD while JPY rose more than 1% on the AUD.
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The dollar rose and the safe-haven yen made its sharpest jump in more than a month on Friday after U.S. President Donald Trump said he tested positive for COVID-19, just a month ahead of the Nov. 3 presidential election.

The news could cause a new wave of market volatility heading into the election. Trump, 74, is at high risk for the deadly virus both because of his age and because he is considered overweight.

The greenback gained about 0.6% on the risk-sensitive Australian dollar and the yen streaked ahead even further, gaining half a percent on the dollar to a one-week high of 104.95, and rising more than 1% on the Aussie.

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