Pelosi comments on Trump's cancelation of COVID-19 relief negotiations

Ross J Burland FXStreet

Following the news that the US President Donald Trump has just cancelled any further COVID-19 relief discussions until after the US elections, House Speaker Nancy Pelosi has been quoted in the following remarks by reporters:

PELOSI on the president walking away from the covid relief negotiations. pic.twitter.com/QP0DFODQoH
— Jake Sherman (@JakeSherman) October 6, 2020

Market implications

On the US President's following comments:

Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19. We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith. I am rejecting their...
— Donald J. Trump (@realDonaldTrump) October 6, 2020

...request, and looking to the future of our Country. I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business. I have asked...
— Donald J. Trump (@realDonaldTrump) October 6, 2020

... the US rallied and stocks and gold dropped.

The US stock market fell into negative territory as well.

The euro is making back some ground as follows:

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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