FxStreet.com:- "Wall Street CEO did not build America" – these words by Joe Biden, the presumptive Democratic nominee sent shivers down investors spines, and supported the safe-haven US dollar. President Donald Trump continues trailing Biden by a formidable margin of nine points and the challenger's statement that "the era of shareholder capitalism is set to end" have not helped either.
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The current occupant of the White House has not been helping his reelection chances. Trump insisted on opening schools as soon as possible and also threatened to punish those that do not do so. His eagerness to return to normal is at stark contrast with the rapid deterioration in America's coronavirus crisis.
Daily cases remain close to the peak at around 60,000 – and maybe held back due to a lack of testing capability in several states. Laboratories and hospitals are strained in Arizona and elsewhere. Moreover, the number of deaths is also on the rise, nearing 1,000 daily.