US Pres. Trump: CDC to provide additional guidance on Thursday on how schools can reopen safely

Anil Panchal FXStreet

Following US Secretary of State Mike Pompeo’s verbal attack on China, American President Donald Trump surprisingly stepped away from that front during his daily White House press conference. The national leader turned down the Republican National Convention events in Jacksonville while citing Florida’s coronavirus (COVID-19) woes.

Key quotes

Centers for Disease Control and Prevention (CDC) to provide additional guidance on Thursday on how schools can reopen safely.

A lot of companies are very close to producing COVID-19 vaccines.

Not time to have a big convention given flare-up of COVID-19 in Florida.

Will do convention speech ‘in a different form’.

Republican convention delegates will get together in North Carolina.

Has to protect the American people, told Florida's governor of his convention decision.

Additional comments

Our goal is to protect our teachers and students from the china virus, while ensuring that families with high-risk factors can continue to participate from home.

I would like to see a payroll tax cut, would be good for workers.

China trade deal 'means less to me now than it did'.

FX implications

Although the mention and highlight of the virus woes can continue weighing on the market’s risk-tone sentiment, updates of the school reopening suggest that the US policymakers are still hopeful to combat the pandemic. As a result, AUD/USD bulls fight hard to keep 0.7100 during the early hours of Friday morning in Asia.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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