US Pres. Trump exploring blocking a govt fund from investing in Chinese equities – Bloomberg

Dhwani Mehta FXStreet

Citing an unnamed "person familiar with the internal deliberations", Bloomberg reports US President Donald Trump is exploring blocking a government retirement fund from investing in Chinese equities considered a national security risk.

Additional headlines

Thrift Savings Plan -- the federal government's retirement savings fund.

the fund is scheduled to transfer roughly $50 billion of its international fund to mirror an MSCI All Country World Index, which captures emerging markets, including China.

USD/CNY holds the higher ground

The Chinese yuan wipes out gains and trades near-daily low vs. the greenback on the above headlines. USD/CNY trades at 7.0625, having hit s daily high at 7.0635.

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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