In an interview with CNBC on Wednesday, US Treasury Secretary Mnuchin said that the Treasury is planning an injection into the exchange stabilization fund. Mnuchin explained that they are closing down parts of the economy to destroy the coronavirus and reiterated that the US will deliver assistance to people affected by the outbreak. “The US economy will come roaring back once we conquer coronavirus,” Mnuchin added. “We are confident there will be bipartisan support for coronavirus assistance plans.” Market reaction Wall Street’s main indexes failed to capitalize on these comments. As of writing, the Dow Jones Industrial Average was down 6% on the day while the S&P 500 and the Nasdaq Composite were erasing 5.5% and 4%, respectively. 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 Bitcoin Price Analysis: BTC/USD $5000 breach incoming FX Street 2 years In an interview with CNBC on Wednesday, US Treasury Secretary Mnuchin said that the Treasury is planning an injection into the exchange stabilization fund. Mnuchin explained that they are closing down parts of the economy to destroy the coronavirus and reiterated that the US will deliver assistance to people affected by the outbreak. "The US economy will come roaring back once we conquer coronavirus," Mnuchin added. "We are confident there will be bipartisan support for coronavirus assistance plans." Market reaction Wall Street's main indexes failed to capitalize on these comments. As of writing, the Dow Jones Industrial Average was down 6%… 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.
