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While speaking at the regular Coronavirus (COVID-19) Task Force Briefings, US President Donald Trump struck an upbeat tone by citing chances of witnessing the fewer deaths due to the pandemic.

Key quotes

We expect fewer deaths than even the most optimistic projections.

We are opening up our country, we have to do that.

US economy to boom once country is opened.

New guidelines allow governors to take a phased approach to opening their states.

The economy will come back in three phases.

Governors will be empowered to tailor the approach to their own states, if they need to remain closed, we will “allow them” to do so.

FX implications

Following the news that suggests nearness to the cure of the deadly disease, upbeat comments from US President helps to build the market sentiment. While portraying the same, US stock futures remain near 1.0% positive each by the press time of early Asian session.