US House Speaker Pelosi: Can’t let China establish ‘new normal’ on Taiwan

Dhwani Mehta FXStreet

US House of Representatives Speaker Nancy Pelosi said on Wednesday, the US couldn’t let China establish a “new normal” around Taiwan, per Bloomberg.

Key quotes

Chinese leaders had been “trying to push their way” toward their goals on Taiwan.”

“What we saw with China is they were trying to establish sort of a new normal.”

“And we just can’t let that happen.”

Market reaction

The US dollar index is on a gradual recovery mode amid renewed Sino-American tensions over Taiwan, which have translated on the trade front.

The spot is trading at 105.40, adding 0.19% on the day. Meanwhile, the S&P 500 futures are also up 0.19% on the day.

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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