US Commerce Sec. Ross: Will delay Huawei ban by 90 days

Eren Sengezer FXStreet

US Commerce Secretary Wilbur Ross crossed the wires in the last minutes announcing that they will be delaying the ban on Huawei to buy supplies from US companies for 90 days, confirming the Reuters' report.

"The US government is adding 46 additional Huawei subsidiaries to the entity list," Ross told Fox Business Network.

These remarks allow risk-on flows to dominate the market action. At the moment, the 10-year US Treasury bond yield is up nearly 5% on a daily basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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