US President Joe Biden said in a speech on Monday that, for now, lockdowns are off the table as there would be no need if people get vaccinated and wear the mask. Asked whether he expects additional travel curbs, he said none were needed for now and, asked whether this would be the new normal for the US, he said he did not think so. 

Market Reaction

FX markets have not seen much of a reaction to Biden's remarks, but the statement that lockdowns are off the table, for now, could be lending some support to the equity complex, with the S&P 500 recently pushing to fresh session highs in the 4660s.