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US Election: Pandemic surge hits campaign trail

Over the weekend, at least four of Vice-President Mike Pence’s team tested positive for coronavirus, as the surge in US cases hit the White House itself. Trump continued to downplay the pandemic during a New Hampshire rally on Sunday, whilst the White House chief of staff delivered a stark message, telling CNN that ‘We are not going to control the pandemic’.

Trump is running out of time to catch up to his rival who holds a comfortable lead in the national polls and the Republican party’s attitude towards Covid-19 is unlikely to help the President’s flagging popularity. The US Dollar has risen almost 0.5% since Friday as markets view the rise in new infections as problematic for global growth prospects.

If you'd like to take proactive steps to manage your FX risk or requirements during political uncertainty, you can speak to one of our Dealers by calling, 020 3465 8200.