“We are continuing to see large unemployment and other negative economic indicators in the second quarter,” US Treasury Secretary Mnuchin told the Senate Banking Committee on Tuesday. Mnuchin further noted that he expects the economic conditions in the US to improve in the third and fourth quarters as businesses return to work. “The treasury is keeping $259 billion in capital from CARES Act in reserve to create or expand credit programs as needed,” Mnuchin added in his prepared remarks delivered in the hearing entitled “The Quarterly CARES Act Report to Congress.” Market reaction These comments were largely ignored by the market participants and the US Dollar Index was last seen losing 0.17% on the day at 99.45. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK’s Sunak: Budget deficit will be significant by historic standards FX Street 2 years "We are continuing to see large unemployment and other negative economic indicators in the second quarter," US Treasury Secretary Mnuchin told the Senate Banking Committee on Tuesday. Mnuchin further noted that he expects the economic conditions in the US to improve in the third and fourth quarters as businesses return to work. "The treasury is keeping $259 billion in capital from CARES Act in reserve to create or expand credit programs as needed," Mnuchin added in his prepared remarks delivered in the hearing entitled “The Quarterly CARES Act Report to Congress.” Market reaction These comments were largely ignored by the market… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
