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Felicia Tan
July 31 19:13

Trump's proposal to move the election pushed the dollar down

The dollar fell to a session low after President Donald Trump announced the idea of postponing the presidential election.
The US dollar index of ICE fell by 0.1% after rising by 0.2%. EUR/USD trades at 1.1804 after a short loss recovery; the 12-year trendline is marked at ~1.1804. USD/JPY is sliding to 104.91, the daily low where it finds support.
On Thursday, U.S. President Donald Trump raised the issue of possible postponement of November presidential elections, despite the fact that their date is enshrined in the U.S. Constitution. Trump again spoke of possible voter fraud by mail. Trump questioned the legitimacy of the ballot papers that had been used in much larger numbers in primary elections under the Coronavirus Pandemic. He also made unfounded allegations that the vote would be rigged.
The democrats, including the alleged presidential candidate Joe Biden, have already been preparing the protection for voters and the elections amid fears that Trump will attempt to interfere in the elections on 3 November.