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The SCMP is reporting that a high-profile signing ceremony of the Hong-Kong bill may anger China. The report by the highly-read publication says that Beijing is closely watching the events. Congress approved the Hong-Kong Human Rights and Democracy Act on Wednesday, and the bill is awaiting President Donald Trump’s signature to turn it into law.  

EUR/USD is dropping below 1.1070 after nearly reaching 1.11 earlier in the day. GBP/USD has dipped under 1.2920, paring earlier gains.

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