FX Signals – Dollar treads water

TOKYO (Reuters) – The dollar held tight ranges against its peers on Monday as investors awaited clarity on the health of U.S. President Donald Trump after he tested positive for the coronavirus, sending markets into safe-haven assets.

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Doctors treating Trump for COVID-19 told reporters on Sunday they are monitoring the condition of his lungs after he received supplemental oxygen, hours before Trump surprised supporters outside the hospital by riding past in a motorcade.

The news came the day after contradictory messages from the White House caused widespread confusion about the president’s condition.

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“Earlier, some traders bought back dollars and U.S. stock futures immediately after the news came out about Trump briefly leaving the hospital,” Sumitomo Mitsui Bank’s Uno said. “But I don’t think it means that he has been completely cured.”

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Against the safe-haven Japanese yen, the dollar rose 0.2% to 105.515 yen , after making its sharpest fall in more than a month to reach a one-week low of 104.95 on Friday.

Dollar Down With Investors Looking to Thursday’s ECB Meeting

Dollar Down Amid Rising U.S.- China Tensions

British Prime Minister Boris Johnson and the head of the EU’s executive, Ursula von der Leyen, agreed in a phone call on Saturday to step up negotiations on a post-Brexit deal.

Average True Range ATR

Euro to Pound Sterling Exchange Rate

The British pound last stood at $1.2942 while the euro changed hands at $1.1723 (EUR=EBS).

Investors also await the upcoming vice president presidential debate on Wednesday.

Expectations that U.S. Congress will pass a stimulus package to support the pandemic-stricken economy remain low ahead of the presidential election in November seen by forex signals.

US Market Wrap

FX Signals - Dollar treads water

FILE PHOTO: U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo

FX Signals – Dollar treads water

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