U.S. Treasury Secretary Mnuchin: We need to spend what it takes to win war against coronavirus

Market news

22 April 2020

U.S. Treasury Secretary Mnuchin: We need to spend what it takes to win war against coronavirus

Says U.S. will provide $2.6 trillion in direct support for the economy, can leverage that to an additional $4 trillion through Federal Reserve
Trump administration looking at different plans to support U.S. oil producers
Expects oil price to reach $30 per barrel by August

USD/CNH: Outlook remains neutral near term – UOB

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