US Pres. Trump: Working to speed up FDA approval on sterilizing medical masks for reuse

In his Coronavirus Task Force Briefings, US President Donald Trump praises the new tests to find the cure of the pandemic while also assuring to get FDA approval on sterilized medical masks.

Key quotes

Hydroxychloroquine is now being administered to 1100 people along w a ZPAC in NY.

It’s only been two days; previously, officials said those trials began earlier last week.

Friday, FDA authorized new test that delivers "lighting fast" results in as little as 5 min.

Working to speed up FDA approval on sterilizing medical masks for reuse.

Healthcare workers have said they have had to reuse masks while treating coronavirus patients and have said that’s dangerous.

FX implications

Given the early Monday morning in Asia, the market’s reaction to the news remains mostly muted. However, the broad risk-off is likely to prevail unless any news of a cure rolls out. Even so, the US dollar might have to remain under pressure, despite its safe-haven status, amid pandemic worries in the world’s largest economy.