The US State Department announced late Wednesday, Undersecretary for Economic Affairs Keith Krach is scheduled to visit Taiwan this Saturday for a memorial service for former Taiwanese President Lee Teng-hui. The move, which is strongly opposed by China, as the US-Sino diplomatic ties remain sour over the Taiwan issue. When asked about the possibility of a visit by Krach to Taipei earlier this week, China’s Foreign Ministry spokesman Wang Wenbin had said that they firmly oppose official exchanges between the US and Taiwan, and warned of serious damage to Sino-American relations. Early Thursday, Reuters reported that the US is considering selling as many as seven major weapons systems to Taiwan. Market reaction With the downbeat market mood following the Fed reiteration of no urgency to alter the monetary policy, the US-China tussle over Taiwan could likely bode ill for the risk/ higher-yielding assets. AUD/USD is off the lows still trades 0.44% lower at 0.7275 while the S&P 500 futures tank 1% to 3,345. 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 EUR/GBP Price Analysis: Mildly offered below 50-bar SMA ahead of BOE FX Street 1 year The US State Department announced late Wednesday, Undersecretary for Economic Affairs Keith Krach is scheduled to visit Taiwan this Saturday for a memorial service for former Taiwanese President Lee Teng-hui. The move, which is strongly opposed by China, as the US-Sino diplomatic ties remain sour over the Taiwan issue. When asked about the possibility of a visit by Krach to Taipei earlier this week, China’s Foreign Ministry spokesman Wang Wenbin had said that they firmly oppose official exchanges between the US and Taiwan, and warned of serious damage to Sino-American relations. Early Thursday, Reuters reported that the US is considering selling as many… Top 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.
