US Pres. Trump: Will discuss hourly wage earners getting help

Anil Panchal FXStreet

While briefing the press of the US Coronavirus Task Force’s performance, President Donald Trump cited measures to help the workers.

Key quotes

Will discuss possible payroll tax cut with the congress.

Will discuss hourly wage earners getting help.

Economic steps will be 'major' in response to coronavirus.

FX implications

With no major goods news, not to mention the details, markets show a less reaction to the news as the risk barometer USD/JPY seesaws near 102.20/30 while US equity futures remain under pressure. US President also announced to hold another press conference on Tuesday to shed more lights on the economic measures to be taken. However, no claer directives have been offered.

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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