{"id":105569,"date":"2020-10-02T20:32:16","date_gmt":"2020-10-02T19:32:16","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105569"},"modified":"2020-10-05T06:12:39","modified_gmt":"2020-10-05T05:12:39","slug":"104549-usd-rallies-sp-500-futures-tank-as-president-trump-gets-covid-19","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104549-usd-rallies-sp-500-futures-tank-as-president-trump-gets-covid-19\/","title":{"rendered":"USD Rallies, S&#038;P 500 Futures Tank as President Trump Gets Covid-19"},"content":{"rendered":"<ul>\n<li><strong>Stock markets plunged in Asian trade after\u00a0 President Trump had tested positive for Covid-19 hitting market sentiment.<\/strong><\/li>\n<li><strong>The US Dollar Index&#8217;s rebound is shaky\u00a0 despite risk aversion and a shift in market sentiment.<\/strong><\/li>\n<li><strong>S&amp;P 500 index could fall further from yearly high<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Risk sentiment turned sour in the\u00a0 Asian\u00a0 session, on news that President Donald Trump had tested positive for\u00a0 coronavirus<\/span><\/p>\n<p><span style=\"font-weight: 400;\">S&amp;P 500 futures fell Australia\u2019s ASX 200 index fell 1.67%.The haven- US Dollar and Japanese Yen soared versus major peers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gold climbed 0.53% and silver\u00a0 over 1%. yields on US 10-year Treasuries dropped below 66 basis points.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Eurozone inflation is in focus ahead of the US non-farm payrolls report for September.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Safe Haven inflows after Trump Tests Positive to Covid-19<\/span><\/p>\n<p><span style=\"font-weight: 400;\">President Donald Trump\u2019s testing positive to covid sent equity markets sharply lower in Asia-Pacific trade, with S&amp;P 500 futures tumbled 1.85% and the haven- US Dollar spiking higher versus major peers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The unexpected announcement could boost Joe Biden\u2019s election prospects given that Trump has continually questioned social distancing measures and questioned mask wearing to prevent the spread of covid.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Biden leads Trump substantially in the polls. His lead has been extended since the first Presidential debate on September 30.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">second debate scheduled for October 15 and it is unclear what will happen. Trump will be allowed out of the two week quarantine on the day of the debate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">White House physician Scott Conley expects\u00a0 Trump will continue with his duties without disruption while recovering\u201d, in which case the impact on the President election schedule will be limited. President\u2019s recovery will be closely monitored over the weekend. Any notable deterioration in his health could drag on sentiment and boost safe havens.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock markets plunged in Asian trade after\u00a0 President Trump had tested positive for Covid-19 hitting market sentiment. The US Dollar Index&#8217;s rebound is shaky\u00a0 despite risk aversion and a shift in market sentiment. S&amp;P 500 index could fall further from yearly high Risk sentiment turned sour in the\u00a0 Asian\u00a0 session, on news that President Donald [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4377,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1381],"tags":[1398],"class_list":["post-105569","post","type-post","status-publish","format-standard","has-post-thumbnail","category-usd","tag-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD Rallies, S&amp;P 500 Futures Tank as President Trump Gets Covid-19 - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104549-usd-rallies-sp-500-futures-tank-as-president-trump-gets-covid-19\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104549-usd-rallies-sp-500-futures-tank-as-president-trump-gets-covid-19\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104549-usd-rallies-sp-500-futures-tank-as-president-trump-gets-covid-19\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD Rallies, S&#038;P 500 Futures Tank as President Trump Gets Covid-19\",\"datePublished\":\"2020-10-02T19:32:16+00:00\",\"dateModified\":\"2020-10-05T05:12:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104549-usd-rallies-sp-500-futures-tank-as-president-trump-gets-covid-19\\\/\"},\"wordCount\":294,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104549-usd-rallies-sp-500-futures-tank-as-president-trump-gets-covid-19\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100376-gbp-usd-trump-trade-war.jpg\",\"keywords\":[\"usd\"],\"articleSection\":[\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104549-usd-rallies-sp-500-futures-tank-as-president-trump-gets-covid-19\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104549-usd-rallies-sp-500-futures-tank-as-president-trump-gets-covid-19\\\/\",\"name\":\"USD Rallies, S&P 500 Futures Tank as President Trump Gets Covid-19 - 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