Trump administration has lost rationality – Global Times

Dhwani Mehta FXStreet

China's influential news outlet, Global Times, Editor-in-Chief Hu Xijin responds to the US travel ban consideration on the Chinese political party.

Hu tweeted out: “The plan under consideration is so crazy and vicious, reflecting the Trump administration has lost rationality. The US ruling team is committing a crime ruining the foundation for world peace. The US democratic system is unable to curb the destruction. It's a shame for it.”

This comes after reports that the US is reportedly considering imposing travel restrictions on Chinese Communist party members amid a deepening row, with President Donald Trump saying further sanctions were possible and Beijing vowing retaliation.

Market reaction

The risk-off sentiment remains the key theme so far this Thursday amid virus fears and rising US-China tensions.

AUD/USD drops 0.24% to trade near 0.6990 while USD/JPY holds steady below 107.00.

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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