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12 Mar 2020

US Pres. Trump: Don't support Democrats' coronavirus economic relief bill

US Presiden Donald Trump said that he doesn't support House Democrats' coronavirus economic relief package because it includes unrelated issues.

"Hopefully, we can reestablish travel links with China and Europe very quickly," Trump told reporters in an Oval Office meeting with Irish Prime Minister, per Reuters. "I could not consult with European officials before implementing the travel ban because we had to move quickly."

Trump further noted that he is not yet going to invoke emergency powers under the Stafford Act over coronavirus.

Market reaction

Wall Street's main indexes suffer heavy losses on Thursday. As of writing, the Dow Jones Industrial Average and the S&P 500 were down 8.4% and 7.4%, respectively.

Mar 12, 2020

AUD/USD renews multi-year lows, closes in on 0.6300

The AUD/USD pair continues to push lower on Thursday with the greenback capitalizing on risk-off flows. As of writing, the pair was at its lowest leve
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Mar 12, 2020

United States 4-Week Bill Auction fell from previous 0.925% to 0.395%

United States 4-Week Bill Auction fell from previous 0.925% to 0.395%
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