US Treasury Sec. Mnuchin: There is room for compromise on COVID-19 aid talks

"We need to do more and want to do more for coronavirus relief," US Treasury Secretary Steven Mnuchin told CNBC on Monday.

Additional takeaways

"There is room for compromise on COVID-19 aid talks."

"There is money for the Paycheck Protection Program (PPP)."

"Legislation needs to get passed for COVID-19 aid."

"US states have more than enough money to handle shortfalls."

"There is a limit to what the US can borrow amid crisis but US President Donald Trump is willing to spend money."

"Cannot just split the difference with Democrats over COVID-19 aid package costs, must go line by line."

"If we can get a fair deal on COVID-19 aid with Democrats, we'll do it this week."

Market reaction

The US Dollar Index, which tracks the USD's performance against a basket of six major currencies, largely ignored these remarks and was last seen gaining 0.1% on a daily basis at 93.50.

Reprinted from fxstreet , the copyrights all reserved by the original author.