"We need to do more and want to do more for coronavirus relief," US Treasury Secretary Steven Mnuchin told CNBC on Monday.
Additional takeaways
"There is room for compromise on COVID-19 aid talks."
"There is money for the Paycheck Protection Program (PPP)."
"Legislation needs to get passed for COVID-19 aid."
"US states have more than enough money to handle shortfalls."
"There is a limit to what the US can borrow amid crisis but US President Donald Trump is willing to spend money."
"Cannot just split the difference with Democrats over COVID-19 aid package costs, must go line by line."
"If we can get a fair deal on COVID-19 aid with Democrats, we'll do it this week."
Market reaction
The US Dollar Index, which tracks the USD's performance against a basket of six major currencies, largely ignored these remarks and was last seen gaining 0.1% on a daily basis at 93.50.
Reprinted from fxstreet , the copyrights all reserved by the original author.
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