In his latest interview with the CNBC, the White House (WH) Adviser Larry Kudlow tried to stretch the latest risk-on sentiment while expecting a V-shaped recovery in the year 2021.
Key quotes
2021 could be a big bang year, see a V-shaped recovery.
COVID-19 trends are not worrisome at this point.
There is no intention or even thinking about a second shutdown.
FX implications
The news joins the Fed’s efforts and speculations of the US Secretary of State Mike Pompeo’s visit to the Chinese delegation to favor further risk-on moves. However, the early Tuesday’s Asian session is yet to respond to the news.
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