Focus on US Huawei decision today – TDS

Dhwani Mehta FXStreet

The TD Securities analysts note that the main driver of the risk sentiment on Monday is likely to be the much-awaited US decision on Huawei, in the face of the ongoing US-China trade war.

Key Quotes:

“US license for companies to do business with Huawei for 90 days.

However, President Trump poured cold water on this by stating that “Huawei is a company that we may not do business with at all”. An extension would likely boost risk sentiment.

An announcement is due today.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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