The Chinese authorities said in a statement on Wednesday, they remain hopeful that the US will adhere to the ‘one-China’ principle, per Reuters. Additional quotes “Taiwan is the most sensitive issue in its relations with the US.” “Hopes it deals with the Taiwan question with caution.” Taiwan has always been a point of contention between the world’s two biggest economies while the strain escalates on the recent US’ intrusion in the South China Sea. Market implications The risk-off mood could worsen if the tensions mount, which would aid the recovery in the safe-haven US dollar. AUD/USD is back in the red around 0.7735, having hit daily highs at 0.7764 on upbeat Australian CPI figures. Meanwhile, the S&P 500 futures drop 0.10% to near 3,840 levels, as of writing. USD/CNH: Offshore yuan eyes gains as China’s Industrial Profits surge FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK retail sales report biggest annual drop since May – BRC FX Street 1 year The Chinese authorities said in a statement on Wednesday, they remain hopeful that the US will adhere to the ‘one-China’ principle, per Reuters. Additional quotes “Taiwan is the most sensitive issue in its relations with the US.” “Hopes it deals with the Taiwan question with caution.” Taiwan has always been a point of contention between the world’s two biggest economies while the strain escalates on the recent US’ intrusion in the South China Sea. Market implications The risk-off mood could worsen if the tensions mount, which would aid the recovery in the safe-haven US dollar. AUD/USD is back in the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
