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13 Aug 2020

US President Trump: Economic performance significantly better than Europe

US President Donald Trump reappraised the American economic performance during this routing White House press conference on early Thursday morning in Asia.

Key quotes

US economy performance significantly better than Europe.

We're doing incredibly well" with the coronavirus (COVID-19) and therapeutics.

The manufacturing sector is booming.

We had to turn off the economy and now we're turning it back on and that's beyond a V-shape.

We lead the world, Japan is second -- but in terms of dollar value it's not even close.

Fx implications

The news helps AUD/USD pair to stop its pullback from 0.7177 while bouncing off 0.7155 to 0.7162.

Aug 13, 2020

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