|

Governor of China's Xinjiang expresses strong condemnation of US bill

Shohrat Zakir, the governor of the Chinese far western region, Xinjiang told reporters in Beijing on Monday that a recent US measure on Xinjiang is a severe violation of international law and gross interference in China's internal affairs.

Key Quotes:

Counter-terrorism measures in Xinjiang are no different to anti-terrorism measures in the US.

The US so-called bill has no regard for facts.

It has made groundless accusations against the human rights situation and the Chinese government.

Expresses strong condemnation of the US bill.

Any attempt to disable Xinjiang is doomed to fail.

The risk tone continues to remain tepid at the start of the week, as market digest the latest downbeat Chinese trade data, trade deal optimism while nervousness creeps in ahead of the UK elections, Fed and ECB rate decisions this week. USD/JPY trades flat around 108.60 while S&P 500 futures post small losses.

Author

Dhwani Mehta

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.

More from Dhwani Mehta
Share:

Editor's Picks

EUR/USD retreats toward 1.1600 after upbeat US data

EUR/USD pulls away from session highs and declines toward 1.1600 in the American session on Wednesday. Upbeat private sector employment and ISM Services PMI data from the US help the US Dollar (USD) stay resilient against its rivals, limiting the pair's upside.

GBP/USD meets resistance around 1.3400

In line with its risk-linked peers, GBP/USD stages a modest comeback on Wednesday, although meeting some resistance around the 1.3400 neighbourhood. Cable’s humble recovery struggles to gather momentum as the Greenback benefits from better-than-forecast macroeconomic data releases.

Gold loses traction after testing $5,200

Gold corrects lower after testing $5,200 but manages to stay in positive territory in the second hald of the day on Wednesday. The precious metal remains well supported by the deterioration of the geopolitical scenario in the Middle East, while the US Dollar's resilience caps the upside.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid mixed ETF flows

The cryptocurrency market is showing subtle recovery signs despite heightened global uncertainty following the United States (US) and Israel attacks on Iran and the subsequent retaliations that have morphed into a wider Middle East war.

First Venezuela, now Iran: The US-China energy war escalates

At first glance, the latest escalation involving the United States with both Iran and Venezuela looks like another chapter in a long-running geopolitical story. But viewed through a broader strategic lens, something else may be unfolding: Energy.

Bittensor extends recovery despite retail demand slump

Bittensor, a leading Artificial Intelligence token, is aging up above $190 at the time of writing on Wednesday. Steady price increases characterise the broader crypto market, with Bitcoin holding above $71,000 and Ethereum above $2,000.