US Commerce Secretary Raimondo: Pushing White House to ease restrictions on travel to US

Despite escalating coronavirus (COVID-19) concerns, policymakers in the West push for easing activity restrictions. The latest in the list was US Commerce Secretary Gina Raimondo, who per Reuters said, “She is pressing for the easing of coronavirus restrictions that bar much of the world from traveling to the US.” The diplomat also said that the US health officials remain concerned about more outbreaks.

Reuters also mentioned, “The White House says it is continuing discussions with the European Union, Britain, Canada and Mexico on how to eventually lift restrictions, but US officials say they still have no timetable and travel industry officials think the restrictions may not be lifted until August or later.”

Additional key comments…

The White House has repeatedly ruled out a national vaccine passport.

Transportation Secretary Pete Buttigieg has joined Raimondo in pushing for lifting restrictions, according to sources familiar with the discussions, but others in the administration remain worried that opening the door to more travelers from abroad could lead to increases in COVID-19 infection rates.

Airlines and others are urging the administration to lift restrictions covering most non-U.S. citizens who have recently been in Britain, the 26 Schengen nations in Europe without border controls, Ireland, China, India, South Africa, Iran and Brazil.

FX implications

Amid a quiet Asian session, with no major data ahead of China trade balance, the covid concerns outweigh the news and keep risk barometers pressured.

Read: AUD/USD struggles to regain 0.7500, coronavirus, China trade data eyed

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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

How do emotions affect trade?
Follow up our daily analysts guidance

Subscribe Today!    

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD steadies below 1.1750 as US dollar rebounds, German IFO eyed

EUR/USD is holding steady below 1.1750 ahead of the European open. Hawkish Fed, Evergande news amid stimulus hopes keep investors wary. The US dollar attempts a bounce amid a cautious mood, firmer Treasury yields. German IFO, Powell’s speech awaited.


GBP/USD retreats from daily high towards 1.3700 as USD recovers

GBP/USD consolidates gains on the last trading day of the week. US Dollar Index recovers part of its initial losses, trades above 93.00. BOE optimism fades away, Brexit woes keep sterling under pressure. 


XAU/USD clings to gains above $1,750, upside seems limited

Gold gained some positive traction on the last trading day of the week and recovered a part of the overnight slump to the lowest level since August 11.

Gold News

Institutional investors shift focus to Ethereum futures as demand for Bitcoin weakens

Institutional investors have been increasingly pivoting from Bitcoin to Ethereum since August as demand diverges to the second-largest cryptocurrency by market capitalization. JPMorgan analysts stated that the leading digital asset suffered a setback.

Read more

Who is Evergrande, and why are they important?

Evergrande Group (HKG: 3333) is China’s second-largest real estate developer, responsible for over 1,300 construction projects across mainland China. Alongside its many apartments and commercial buildings, Evergrande has also constructed an extremely precarious balance sheet since going public in 2009.

Read more