Early Wednesday morning in Asia, the Bloomberg came out with a news story that the United States (US) House passed a bill, the Hong Kong Human Rights and Democracy Act, which requires an annual audit of whether the city is sufficiently autonomous from Beijing to justify its special trading status under the US law. Key quotes “The bill provides for sanctions against officials “responsible for undermining fundamental freedoms and autonomy in Hong Kong.”” “A similar bill is also before the Senate, though the timing of a vote there remains uncertain. The legislation has bipartisan support in both chambers.” “”China strongly urges certain people in the U.S. Congress to grasp the situation, immediately stop advancing the bill regarding Hong Kong and interfering in Hong Kong’s affairs to avoid further damaging China-U.S. relations,” said Geng Shuang, a spokesman for the Chinese Ministry of Foreign Affairs.” FX implications Although the news failed to offer any direct market impact, the same could negatively affect the US-China trade negotiations that are passing through a happy time. As a result, risk-off is likely to return to the desk if the Chinese diplomats react to the news during the day. 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 RBNZ’s deputy governor: Lower rates may still be needed to achieve objectives FX Street 4 years Early Wednesday morning in Asia, the Bloomberg came out with a news story that the United States (US) House passed a bill, the Hong Kong Human Rights and Democracy Act, which requires an annual audit of whether the city is sufficiently autonomous from Beijing to justify its special trading status under the US law. Key quotes "The bill provides for sanctions against officials "responsible for undermining fundamental freedoms and autonomy in Hong Kong."" "A similar bill is also before the Senate, though the timing of a vote there remains uncertain. The legislation has bipartisan support in both chambers." ""China strongly… 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.
