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The news sparked a new wave of volatility in the market as investors prepare for the presidential elections scheduled for November; Which will witness fierce competition.
The greenback rose about half a percent against risk-sensitive Australian and New Zealand dollars, while the yen rose about 0.3% to 105.27 to the dollar, its highest level since Monday.
The euro fell 0.3% to $ 1.1716.
The yen gained more against other currencies, in light of a widespread move away from riskier assets and commodities.
Trade volumes were low in Asia due to holidays in China.
Trump said on Twitter that he and first lady Melania Trump had tested positive for the emerging coronavirus and would be quarantined.
Analysts say this could turn their campaign upside down, but the medium-term implications for currencies won’t be immediately clear.
Westpac’s Sean Callow predicts that this will reduce Trump’s ability to campaign.
And he added: “It also hurts because the public discourse is that the matter does not cause much concern, it puts the Covid crisis itself in the foreground and in the center … But will this change opinion polls? I just don’t know “.
The Australian dollar last traded at US $ 0.7144 and NZ $ 0.6629. Against a basket of six competing currencies, the dollar was up 0.2% to 93.899.
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