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Following comments from the White House Advisor Peter Navarro, during the CNBC interview, another Trump administration member, Larry Kudlow, crossed wires. The diplomat signaled further restrictions on the US-China airlines.

Key quotes

Airlines are placing voluntary restrictions on flights to China.

Further restrictions are under discussion .

FX implications

Risk tone remains heavy while the news crosses wires. While portraying the risk-off, the US 10-year treasury yields touched the lowest place since early October before an hour or so.