US President Trump: Good news on covid relief bill

Early Monday morning in Asia, US President Donald Trump tweeted that he has a good news on the coronavirus (COVID-19) relief bill. The details of which, as per the Republican Party member, will be out soon.

It should be noted that Trump's refrain from signing the covid aid package recently probed the risk-tone sentiment. The White House leader demanded $2,000 as a paycheck amount versus the Congress-backed $600 before approving the much-awaited bill.

FX implications

With the risk-positive news, prices of gold and AUD/USD pick up bids around 0.7610 and $1,890 respectively while S&P 500 Futures also trim the initial losses, iniching closer to 3,700 by press time. However, holiday-thinned trading can challenge the market sentiment. It should, however, be noted that the official verdict on the bill will be helpful for the market bulls to stay positive.