TOKYO - Stock markets rose on Monday on hopes that US President Donald Mr Trump could be discharged from hospital later in the day, easing some of the political uncertainty that shook global bourses in the previous session.
"For the dollar, the impact is not quite as clear cut. It should fall against most currencies due to an increase in risk appetite, but the yen is also weak, and that's the one currency the dollar can rise against." With less than a month until the presidential election on Nov. 3, Mr Trump's contraction of the coronavirus is another source of market volatility that makes the outcome of the vote even more difficult to predict.
Some traders were particularly concerned by doctors' admission that Mr Trump had been given supplementary oxygen and steroids, which are normally used to treat severe cases of COVID-19.