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“We need to do more and want to do more for coronavirus relief,” US Treasury Secretary Steven Mnuchin told CNBC on Monday.

Additional takeaways

“There is room for compromise on COVID-19 aid talks.”

“There is money for the Paycheck Protection Program (PPP).”

“Legislation needs to get passed for COVID-19 aid.”

“US states have more than enough money to handle shortfalls.”

“There is a limit to what the US can borrow amid crisis but US President Donald Trump is willing to spend money.”

“Cannot just split the difference with Democrats over COVID-19 aid package costs, must go line by line.”

“If we can get a fair deal on COVID-19 aid with Democrats, we’ll do it this week.”

Market reaction

The US Dollar Index, which tracks the USD’s performance against a basket of six major currencies, largely ignored these remarks and was last seen gaining 0.1% on a daily basis at 93.50.