US President Biden delivers Oval Office address on Trump rally shooting

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US President Biden delivers Oval Office address on Trump rally shooting
US ElectionsMacroeconomics
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US President Joe Biden on Monday addressed the nation from the White House, where he condemned all political violence and called for unity, per CNBC.

Biden further stated that “it’s time to cool it down” and noted not just the weekend attack on Trump but also the possibility of election-year violence on multiple fronts. On Saturday, former presidentDonald Trumpwas shot in the ear during his rally in Butler, Pennsylvania, in an assassination attempt. One spectator was killed in the attack, two others were critically injured and Trump was pictured with blood spilling from his ear. Market reaction The Greenback edges higher amidrisk aversion.

The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up – especially major government Bonds – Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit.

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