Analysts at Nordea Markets raise concerns of the United States (US) President Donald Trump’s position while looking at the Hong Kong bill’s ability to affect the odds of the Republican leader’s odds of re-election and a trade deal with China. Key quotes “To sign the Hong Kong bill or not to sign. If Trump wants a deal done with China soon, he may be tempted to veto against the Hong Kong bill but on the other hand, he may look weak ahead of the final negotiations, if he veto’s the Hong Kong bill just to be on good terms with China. It could also be costly for Trump’s reelection odds if he doesn’t look tough on China.” “The easing announced by the People’s Bank of China (PBoC) on Monday (a cut to the 7-day lending rate) was another signal that China feels a little more on top of negotiations currently. How does further Chinese easing rhyme with Trump’s wish to stabilize the USD/CNY outlook?” “Had it been Draghi that had cut interest rates amid a Euro area vs. US trade negotiation, then Trump would have been extremely vocal on Twitter. So far, Trump has been unusually quiet on the PBoC easing. Maybe Trump has lost a little focus on the international agenda due to the impeachment process?” 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 US Dollar Index recedes from tops, back near 98.20 FX Street 3 years Analysts at Nordea Markets raise concerns of the United States (US) President Donald Trump's position while looking at the Hong Kong bill's ability to affect the odds of the Republican leader's odds of re-election and a trade deal with China. Key quotes "To sign the Hong Kong bill or not to sign. If Trump wants a deal done with China soon, he may be tempted to veto against the Hong Kong bill but on the other hand, he may look weak ahead of the final negotiations, if he veto's the Hong Kong bill just to be on good terms with… 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.
