Trump has issued a memo calling for recommendations to protect US investors from China – Reuters
|The US President Donald Trump has issued a memo calling for recommendations to protect US investors from china's failure to allow audits of US-listed Chinese companies. He also called for recommendations to be issued within 60 days.
In earlier headlines, US Secretary of State Pompeo has said that the Nasdaq move on listing rules particularly important given pattern of ‘fraudulent’ accounting practices by China-based firms according to reports by Reuters.
Market implications
The angst will go to serve the trade war narrative which is starting to become more prominent in markets again towards the end of the week. The CHF is taking up the FX risk-off flows, USD/CHF bearish trend gathers pace, energised on hard fundamentals
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.