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Monday, October 25, 2021

President Trump Quarantines with Virus, US Dollar Climbs

#PresidentTrump #coronavirus #quarantines #dollar


The USD climbed Friday on doubts about the prospects of a new US aid/relief/stimulus package and President Trump entered quarantine after he and the First Lady tested positive for COVID-19, prompting investors to trim bets on riskier currencies and sell stocks.

.DXY rose 0.2%, though it remains set for its softest week in more than a month, It has lost 0.7% since last Friday’s close.

The risk-sensitive Aussie fell 0.4% to $0.7157 Friday but remains up 1.8% for the week. The EUR fell 0.3% to $1.1715 on Friday.

The safe-haven JPY ticked lower on Friday, easing 0.1% to $105.64

The GBP was last down 0.2% at $1.2859.

Commodities, notably copper and crude oil, slid on persistent worries about global growth.

The markets wait, worry and hope with Key US NFP data also later on Friday.

Have a healthy day, Keep the Faith!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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