US Diplomat Stilwell: Appears Beijing is using coronavirus to accelerate political agenda, including on Hong Kong
|Amid a slew of comments from the US and Chinese diplomats, David Stilwell, top US policymakers for East Asia recently conveyed his view for the Asian major’s latest actions. The US personnel said that it appears Beijing is using coronavirus to accelerate political agenda, including in Hong Kong.
FX implications
The war of words between the Sino and American leaders gained momentum after US Secretary of State Mike Pompeo officially declared Hong Kong as not autonomous. The move could result in the Asian nation’s loss of special trading status with Washington while also increasing odds of the sanctions on Hong Kong and China.
As a result, the news weighs on the market’s risk-tone and pauses the AUD/USD pair’s latest recovery moves from 0.6567 around 0.6620.
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.