The Weekly Fix: Trump’s Positive Virus Test Roils Election Bets
U.S. President Donald Trump holds a protective mask during the first U.S. presidential debate.
Photographer: Kevin Dietsch/UPI.
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President Donald Trump's announcement that he and First Lady Melania Trump had tested positive for Covid-19 is likely to dominate markets for a while. Risk assets, as expected, took a tumble when the news emerged, and money flowed to havens like the dollar, Japanese yen and Treasuries. Betting markets snapped, showing an initial sharp divergence in odds for a Republican versus Democratic victory in the Nov. 3 election.