Home Trade: Talks may suffer if Trump signs Hong-Kong bill, EUR/USD, GBP/USD retreat

Trade: Talks may suffer if Trump signs Hong-Kong bill, EUR/USD, GBP/USD retreat

Updated: 21 Nov. 2019 | 16:37

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.

More coming

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