Breaking: Dollar surges amid reports US to sanction Hong Kong leader Carrie Lam
|The US administration is reportedly considering expanding its action against China, potentially sanctioning Hong Kong leader Carrie Lam. Bloomberg is reporting.
Such a move would come after President Donald Trump signed an Executive Order to restrict transactions with TikTok and WeChat – two Chinese tech titans. Negotiators from the world's largest economies meet next week to take stock of the trade deal, and tensions are rising.
The safe-haven US dollar is rising, with EUR/USD falling below 1.18 and GBP/USD slipping below 1.3050.
Here is how the move looks on the 15-minute euro/dollar chart:
The greenback is paring previous losses related to the Non-Farm Payrolls. The US gained 1.763 million jobs in July, better than expected– potentially limiting politicians' willingness to agree on a fiscal deal and still pointing to a slowdown in hiring.
See NFP Quick Analysis: Slow hiring downbeat for the dollar, good for gold, no silver lining
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.