WH Adviser Navarro: Preparing for a second wave of virus – CNN

Anil Panchal FXStreet

White House Adviser Peter Navarro appeared for an interview with CNN during the weekend. The Trump administration member suggested staying ready for the second wave of the coronavirus (COVID-19).

Key quotes

We are filling the stockpile in anticipation of a possible problem in the fall.

You prepare-you prepare for what can possibly happen. I'm not saying it's going to happen, but of course you prepare.

FX implications

The news adds a burden to the market’s risk-tone sentiment amid rising numbers in the southern US states. As a result, AUD/USD printed a gap-down opening to 0.6812 from 0.6835 at the start of Monday’s trading 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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