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.