Early Monday morning in Asia, US President Donald Trump attacks fake media and Democratic policymakers in an attempt to promote himself for November month Presidential election.
Key tweets
New China Virus Cases up (because of massive testing), deaths are down, “low and steady”. The Fake News Media should report this and also, that new job numbers are setting records!
— Donald J. Trump (@realDonaldTrump) July 5, 2020
Democrats want to Defund & Abolish Police. This despite poor crime numbers in cities that they run. CRAZY!
— Donald J. Trump (@realDonaldTrump) July 5, 2020
.@FoxNews gladly puts up the phony suppression polls as soon as they come out. We are leading in the REAL polls because people are sick & tired of watching the Democrat run cities, in all cases, falling apart. Also, now 96% Approval Rating in the Republican Party. Another 2016!
— Donald J. Trump (@realDonaldTrump) July 5, 2020
FX implications
Even if the news portrayed a little market reaction, mainly due to the generally inactive market hours during the early Asian session, S&P 500 Futures print over 0.50% gains to 3,132 as we write. It should also be noted that markets are waiting for President Trump’s sign of executive orders to sanction Chinese diplomats involved in passing the Hong Kong security law.
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