Free Trial
USDCAD TECHS

Remains Vulnerable

AUDUSD TECHS

Northbound

US TSYS

Late SOFR/Eurodollar/Treasury Option Roundup

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Biden Admin Scores Highly In COVID, Sinks In Foreign Policy/Economy

US

According to the latest government approval report from Redfield and Wilton Strategies the Biden administration has seen a significant drop in approval in most metric during the first two weeks of May.

  • The 'pandemic' and 'education' are the only two positive policy areas. The 'economy' and 'relations with China' score the lowest levels of approval.
  • President Biden is currently on a four-day tour of East Asia and the White House will be hoping that the a strong performance reinforcing bilateral relationships with Japan and the Republic of Korea can strengthen the optics of his administration's foreign policy.
  • Joe Biden's Administration Policy Approval Ratings (17 May):
    • The Pandemic +13% (+3)
    • Education 3% (-1)
    • The Environment -1% (-4)
    • Healthcare -1% (-6)
    • Relations with Russia -8% (-9)
    • The Economy -10% (-3)
    • Relations with China -11% (-7)

Figure 1: US Government Policy Approval (Redfield and Wilton)

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.