Aussie Reaches Turning Point Against Yen After Trump Infection

Currency pair falls after news of Trump’s Covid-19 infection
RBA policy decision, budget announcement due Tuesday

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By David Finnerty

October 4, 2020 at 4:00 PM EDT

This article is for subscribers only.

The Australian dollar may give up its recent gains against the yen as President Donald Trump’s virus infection increases the uncertainty from the U.S. presidential election.

The currency pair dropped as much as 1.2% on Friday after Trump said that both he and the First Lady Melania Trump tested positive for the virus. That follows a 3.3% slump in September after posting its longest winning streak in more than a decade.