US Treasury Sec. Mnuchin: China expected to live up to obligations under trade deal

US Treasury Secretary Steven Mnuchin said on Tuesday that he believes that the US will be out of recession by the end of the year. 

Additional takeaways

"Will consider further delay of tax filing deadline as July 15 approaches."

"Expecting that China will live up to obligations under the trade deal."

"If US firms cannot participate in China's economy on a level playing field, a decoupling of economies will occur."

Market reaction

The US Dollar Index largely ignored these comments and was last seen losing 0.37% on a daily basis at 96.65.