US Treasury Sec. Mnuchin: Over 3,000 lenders participating in small business lending program

Eren Sengezer FXStreet

"Over 3,000 lenders are participating in the small business lending program," US Treasury Secretary Mnuchin told Fox Business Network on Tuesday.

"There will be money for small business payrolls, if we need more we'll go back to Congress," Mnuchin added. "President Trump is looking at areas of the country where the economy can be reopened."

Market reaction

The upbeat market mood continues to weigh on the greenback on Tuesday. As of writing, the US Dollar Index was down 1% on the day at 99.80.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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