G7 has agreed to do “everything possible” to limit the harm from the coronavirus outbreak on the global economy, US Treasury Secretary Mnuchin said on Tuesday. “If there is a need to stimulate the US economy due to the coronavirus, infrastructure is a priority,” Mnuchin added. Following the emergency meeting that took place earlier in the day, “we reaffirm our commitment to use all appropriate tools to achieve strong, sustainable growth and safeguard downside risks,” the group said in a statement but refrained from announcing a coordinated rate cut to the markets’ disappointment. Market reaction Although the initial reaction weighed on US stock index futures, Wall Street looks to open the day in the positive territory. As of writing, S&P 500 futures were up 0.7% on the day. 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 Wall Street opens lower as G7 doesn’t mention monetary policy action FX Street 3 years G7 has agreed to do "everything possible" to limit the harm from the coronavirus outbreak on the global economy, US Treasury Secretary Mnuchin said on Tuesday. "If there is a need to stimulate the US economy due to the coronavirus, infrastructure is a priority," Mnuchin added. Following the emergency meeting that took place earlier in the day, "we reaffirm our commitment to use all appropriate tools to achieve strong, sustainable growth and safeguard downside risks," the group said in a statement but refrained from announcing a coordinated rate cut to the markets' disappointment. Market reaction Although the initial reaction weighed on US… 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.
