Trump tests positive for COVID-19

President Trump and first lady have tested positive for COVID-19. Both have committed to immediate quarantine with Trump cancelling all of his public appearances. Markets moved lower on the news with the dollar strengthening as the possibility of a Biden win in next month’s elections moved to 60%. Whilst many commentators believe the selloff is just a reactionary move from algorithms it does underscore the volatility which is imbedded into the presidential contest.