US Senate fails to override Trump veto of bill stopping Saudi weapons sales – Reuters
|Despite challenging the US President Donald Trump’s veto on a bill to block arms sales to Saudi Arabia, the US Senate fell short of overriding it on Monday.
The US Senate failed to override President Donald Trump’s veto of legislation passed by Congress that would have blocked the sale of certain weapons to Saudi Arabia, as per the Reuters.
Giving details of the vote, the news report mentions that 45-40 was the ratio that helped sustain President Trump’s veto. It was additionally mentioned that five of the chamber’s 53 Republicans voted to override the Republican president. Fifteen senators did not vote.
FX implications
Even if the news didn’t have any immediate market impact, the same could exert downside pressure on oil prices expecting less severe relations between the US and Saudi Arabia in the future.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.