John Fahey: Covid-19 and Trump's re-election bid to keep focus on the dollar    

General weakening of the dollar and improved investor sentiment has reduced safe-haven demand for the US currency writes John Fahey
John Fahey: Covid-19 and Trump's re-election bid to keep focus on the dollar    
President Donald Trump speaks about the coronavirus during a press briefing in the Rose Garden of the White House, Monday, May 11, 2020, in Washington. Picture: AP Photo/Alex Brandon

A notable feature of currency markets in recent days has been the moves in the euro-dollar currency pair. Last week, it traded up into the $1.15-1.16 level for this first time since late 2018. 

It started this week continuing its ascent, breaking up into the $1.17-1.18 territory, trading to a 22-month high in the process.

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