Early Friday, US President Donald Trump tweeted of him testing positive on the coronavirus (COVID-19) after one of his team member got infected before a few hours.
Following the news of Hope Hicks' covid-19 infection, US President Trump and Wife Milenia both appeared for the tests and waited for results. The global markets turned cautious before tanking on the confirmation that the leader of the world's biggest economy is infected with the deadly virus.
The CNBC came out with the comments from the White House physician Sean Conley saying, "The President and First Lady are both well at this time, and they plan to remain at home within the White House during their convalescence.” The news also said he expects Trump to “continue carrying out his duties without disruption while recovering.”
Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!
— Donald J. Trump (@realDonaldTrump) October 2, 2020
S&P 500 Futures slips below 3,350...
Following the news, S&P Futures slumped from 3,362.62 to currently around 3,319, down over 1.40% intraday. With the COVID-19 stimulus talks already in the jeopardy, US President Trump's quarantine will add uncertainty into the global markets. The same can help the US dollar to recover the latest losses. That said, the US Dollar Index (DXY) recently jumped towards 94.00 while printing 0.26% gains on a day.
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Another sign of the good health of the US economy came in response to firm flash US Manufacturing and Services PMIs, which in turn reinforced further the already strong performance of the US Dollar, relegating EUR/USD to the 1.0400 neighbourhood on Friday.
GBP/USD remains depressed near 1.2520 on stronger Dollar
Poor results from the UK docket kept the British pound on the back foot on Thursday, hovering around the low-1.2500s in a context of generalized weakness in the risk-linked galaxy vs. another outstanding day in the Greenback.
Gold keeps the bid bias unchanged near $2,700
Persistent safe haven demand continues to prop up the march north in Gold prices so far on Friday, hitting new two-week tops past the key $2,700 mark per troy ounce despite extra strength in the Greenback and mixed US yields.
Geopolitics back on the radar
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Eurozone PMI sounds the alarm about growth once more
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