Australian government, spy chiefs secretly urge UK to ban Huawei – Australia’s The Age

Anil Panchal FXStreet

While the US President Donald Trump is on his three-day visit to the UK, a news report from the Australian press recently said that the Australian government and senior intelligence officials have urged Britain to ban Chinese technology giant Huawei from a role in building new ultra-fast mobile networks.

The reason mentioned was the expected western alliance of intelligence-sharing partners should have a consistent position.

With China being Australia’s largest customer, any such moves could negatively affect the Australian Dollar (AUD) if the dragon nation retaliates to the Aussie efforts.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD trims losses and returns to the 1.1750 area

The US Dollar resumed its decline in the American afternoon, helping EUR/USD trim early losses. The pair trades around 1.1750 as market participants gear up for the European Central Bank monetary policy decision and the United States Consumer Price Index.