While adding to the US-China tussle story, the Financial Times (FT) came out with the news saying, “The Biden administration is preparing to issue guidelines that would make it easier for US diplomats to meet Taiwanese officials by adopting some of the changes introduced by Donald Trump.” The early Tuesday news also states that such a move will provoke China while mentioning that the original restrictions on meetings were introduced after the US switched diplomatic recognition from Taipei to Beijing in 1979. However, in January, Mike Pompeo, then secretary of state, rescinded many of the restrictions after Congress in December passed the Taiwan Assurance Act, which mandated a review within 180 days. It’s worth mentioning that a different story suggests the US and Japan are likely to take note of Taiwan during their recent negotiations. FX implications Given the escalation in the Western drive to battle China over multiple issues, recently backed by Japan, risk-off mood should gain momentum. However, vaccine optimism and stimulus hopes seem to keep the markets mostly dry ahead of this week’s US employment report. Read: S&P 500 Futures reverses early Asia gains amid mixed clues, strong US Treasury yields 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 Litecoin Price Forecast: LTC robust on-chain metrics could support upswing to record highs FX Street 8 months While adding to the US-China tussle story, the Financial Times (FT) came out with the news saying, "The Biden administration is preparing to issue guidelines that would make it easier for US diplomats to meet Taiwanese officials by adopting some of the changes introduced by Donald Trump." The early Tuesday news also states that such a move will provoke China while mentioning that the original restrictions on meetings were introduced after the US switched diplomatic recognition from Taipei to Beijing in 1979. However, in January, Mike Pompeo, then secretary of state, rescinded many of the restrictions after Congress in December… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs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.
