US Pres. Trump: Data suggests that the nation has passed the peak on new coronavirus cases

Anil Panchal FXStreet

During his regular daily Coronavirus (COVID-19) Task Force Briefings, US President Donald Trump struck an upbeat tone while saying that the latest data signals the nation is off its peak as far as the new cases are concerned.

Key quotes

The nation has passed the peak on new coronavirus cases.

Will be announcing new guidelines on reopening the US economy on Thursday (US time).

Will use authority to adjourn both chambers of Congress to pave way for recess appointments of administration officials.

More to come…

FX implications

Following the news, futures linked to the S&P 500 and Dow Jones Industrial Average (DJI30) marked mild gains of near 0.10%. However, the broad risk-tone remains heavy as pandemic fears loom, which in turn could keep the US dollar on its latest recovery mode.

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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