In the midst of a growing conflict between the United States and China, Bloomberg announced that the risk burden was even greater as members of President Donald Trump’s party called for an investigation into the epidemic of virus.
Key quotes
Republicans on US Coronavirus Surveillance Subcommittee Demand Democratic Panel Members Continue Testimony of Director General of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus and Ambassador of China in the United States. Cui Tiankai.
At the instigation of President Donald Trump, Republicans in Congress are trying to focus on the roles of China and the world health organization in the pandemic while the Democrats criticize the way the administration has managed the epidemic
The Democrats accused Trump and the Republicans of using the WHO and China to divert the administration’s response to the global pandemic before the November elections.
FX implications
While the news suggests new risk difficulties, no major reaction could be observed due to the first Asian session. That said, the S&P 500 Futures remains slightly positive around 2.920 while the AUD / USD and USD / JPY retrace the gains of the previous day at press time.