US Pres. Trump: Prepared if the virus strikes again in the fall season

Anil Panchal FXStreet

During his coronavirus (COVID-19) Task Force Briefings, US President Donald Trump showed readiness to avail more ambulances and respirators at home while also said to have talked to Italian PM Conte.

Key quotes

We will allocate more ambulances to different states.

We will continue to provide the states with thousands of respirators.

Spoke with the Italian Prime Minister and told him US will be sending about $100 million of protective equipments to Italy.

Nationwide stay-at-home is pretty unlikely.

Prepared if the virus strikes again in the fall season.

FX implications

Considering the absence of any major signal, markets paid a little heed to the statements from US President Trump. Also contributing to the lack of momentum could be no major data/events amid the early hours of Asian morning on Tuesday.

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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