US: North Korea risks - AmpGFX

Sandeep Kanihama FXStreet Contributor

The research team at Amplifying Global FX Capital, points out that the risk of some imminent military action related to North Korea may have been reduced by reports that China is willing to place more pressure on North Korea via is trade and political relations with its Neigbour.

Key Quotes

“USA’s Secretary of State Tillerson and Vice President Pence have said that the era of strategic patience with NK is over, but they are willing to give diplomatic channels a chance to work in curtailing NK’s nuclear ambitions.”

“However, US Aircraft Carrier USS Carl Vinson is reported to belatedly be nearing the Korean Peninsula. Korea has detained a third US citizen. There is widespread speculation that NK will conduct a nuclear test on Tuesday timed to coincide with a celebration of its military founding anniversary. NK hathreatened to sink the US Aircraft carrier. All of which has prompted China President Xi to urge Trump to exercise restraint, according to the Chinese media. Ominously, Trump has said nothing new on NK.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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