President Trump and First Lady Melania Trump have tested positive for COVID-19, according to a Thursday night tweet. “We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!” he added.
While it is concerning that the president of the US has been hit by the virus, it is less alarming since most people who have contracted it are fine, just like those who have the flu recover fast. The issue is the disinformation regarding this virus and how the fatality rates are much lower than previously estimated should allow for the president to make a fast recovery and this will humanize the president, where the people will feel he is just as vulnerable as them.
Overall with the numbers coming out today in the NFP, We should see a stronger dollar pushing foreign currencies lower as well as gold, and this will play in favour of Trump in his election campaign. Of course, if the numbers come out lower and the dollar declines then we will be faced with Biden using this to say how it’s Trump’s fault and it will not play out well in the next presidential debate.