US President Trump: Want to reopen country, it is much danger in being confined too much

Anil Panchal FXStreet

During his regular coronavirus Task Force Briefings, US President Donald Trump reiterated his call to start the economy with the target date being as soon as possible. The Republican leader also hints at aid for the oil industry.

Key quotes

Want to reopen the country, it is much danger in being confined too much.

There will be an announcement shortly on aid to the oil industry.

Market implications

The news helps to keep the market’s risk-on sentiment with the active pair during this time, early Asian session on Thursday, AUD/USD, refreshing seven-week high to 0.6560. It’s worth mentioning that WTI closed near $15.35, up over 24.00%, by the end of Wednesday’s session.

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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