The US President Donald Trump will hold a news conference on China this Friday. This will likely include the president’s opinions on COVID-19 and China’s handling of it, trade relations, currency wars and the US administration’s political response to China’s parliament approving a decision to go forward with national security legislation for Hong Kong. This was a move that has triggered widespread concern about democratic freedoms. So far, we know that the US has already announced that it has cancelled visas for Chinese students with ties to military schools and that it has stripped Hong Kong of its special treaty status, certifying it as no longer autonomous. Market implications The ramifications for financial markets could be enormous. We have already seen the value of the CNY weaken vs. the USD which will likely raise concerns that China could be weaponising its currency to support external trade. Markets will be keeping a close eye on these developments and AUD, JPY, HKD, USD and CNH markets will all be responding in kind. This is a theme that has been brewing since the start of this week. More on all of this in the following notes from earlier this week: China’s plan of national security law in Hong Kong puts Trump in an unwelcome spot with Xi The Hong Kong Dollar, the next black swan? Chart of the Week analysis How do experts view financial conflict of top two economies? – The Global Times 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 Forex Today: Dollar’s decline giving signs of exhaustion FX Street 3 years The US President Donald Trump will hold a news conference on China this Friday. This will likely include the president's opinions on COVID-19 and China's handling of it, trade relations, currency wars and the US administration's political response to China’s parliament approving a decision to go forward with national security legislation for Hong Kong. This was a move that has triggered widespread concern about democratic freedoms. So far, we know that the US has already announced that it has cancelled visas for Chinese students with ties to military schools and that it has stripped Hong Kong of its special treaty status, certifying it as no longer autonomous. Market… 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.
