US Pres. Trump: We're going to go through a very tough two weeks

Anil Panchal FXStreet

In his latest appearance on Tuesday evening, early Wednesday in Asia, US President Donald Trump issues guidelines for 30-day social distancing while citing fears of a surge in the virus cases during the upcoming two weeks. "White House officials are projecting between 100,000 and 240,000 deaths in the U.S. with coronavirus fatalities peaking over the next two weeks," said CNBC.

Key quotes

We're going to go through a tough two weeks.

This is going to be a very painful two weeks.

I want all Americans to be prepared for the hard days that lie ahead.

We have held back 10,000 ventilators to handle the expected surge.

Americans need to respond to the coming situation with an ironclad resolve.

FX implications

The news exerts additional pressure on the market’s risk-tone but the early Asian session lacks reaction. Even so, Wall Street closed on the negative and the US stock futures are also suggesting further declines by the press time.

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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