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- European session review: USD mostly lower as U.S. President Trump’s pledges to support alternative aid measures bolster risk appetite
European session review: USD mostly lower as U.S. President Trump’s pledges to support alternative aid measures bolster risk appetite
USD weakened against most other major currencies in the European session on Wednesday as tweets from the U.S. President Trump about standalone stimulus bills bolstered risk sentiment.
Just hours after ordering White House officials to halt stimulus negotiations with Democrats, the U.S. president Donald Trump tweeted that he would support standalone bills for airline and small business relief as well as for stimulus checks.
"The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billion Dollars for Paycheck Protection Program for Small Business. Both of these will be fully paid for with unused funds from the Cares Act. Have this money. I will sign now!", Trump tweeted. "If I am sent a Stand Alone Bill for Stimulus Checks ($1,200), they will go out to our great people IMMEDIATELY. I am ready to sign right now. Are you listening Nancy?", he added in a separate tweet.
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