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17 Mar 2020
US President Trump: We will be stronger than ever before
While providing hints to the Coronavirus Relief Bill, yet to be approved by the Senate, US President Donald Trump recently tweeted that the industries particularly affected by the coronavirus (COVID-19) will be powerfully supported.
Key quotes
The United States will be powerfully supporting those industries, like Airlines and others, that are particularly affected by the Chinese Virus. We will be stronger than ever before!
FX implications
Although the news fails to provide any major immediate market moves, it added strength to the expectations that the Treasury Secretary Steve Mnuchin will be able to roll out the much-awaited relief packs from the US. That said, the S&P 500 Futures remain mildly positive, currently +0.92%, to 2,422.