In an official statement released on Monday, China’s Foreign Ministry said that the US consulate in the southwestern city of Chengdu has closed as of 10 a.m. (0200 GMT). This comes after Beijing ordered Washington its consulate in Chengdu on Friday, retaliating to the latter’s order for the Chinese consulate closure in Houston amid accusations of the intellectual property (IP) theft. Investors continue to fret that the recent US-China escalation could translate into trade, especially after US President Donald Trump has expressed his disinterest on the trade deal with China lately. Market reaction The risk sentiment remains tepid amid US-China tensions and the relentless rise in the coronavirus cases, with the record surge in the US undermining the recovery in the world’s largest economy. Therefore, the US dollar continues to remain heavy while gold rallies to a new life-time high above $1930. AUD/USD tracks the gold rally and S&P 500 futures bounce to trade near 0.7140 levels. 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 Australian stocks eke out gains as mining shares rally with gold FX Street 3 years In an official statement released on Monday, China’s Foreign Ministry said that the US consulate in the southwestern city of Chengdu has closed as of 10 a.m. (0200 GMT). This comes after Beijing ordered Washington its consulate in Chengdu on Friday, retaliating to the latter’s order for the Chinese consulate closure in Houston amid accusations of the intellectual property (IP) theft. Investors continue to fret that the recent US-China escalation could translate into trade, especially after US President Donald Trump has expressed his disinterest on the trade deal with China lately. Market reaction The risk sentiment remains tepid amid US-China… 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.
