Canada has arrested Huawei’s global chief financial officer

Author: Eamonn Sheridan | Category: News

Canadian press report Wanzhou Meng (chief financial officer of China's Huawei Technologies) was arrested

  • facing extradition to the United States
  •  on suspicion she violated U.S. trade sanctions against Iran

Huawei … wow …. the company is facing an uphill battle … battles, recent posts on various countries banning products
With the focus on US - China relations on trade (and more) there are wider implications for currencies of this arrest … a negative input for 'risk' currencies and a positive for yen. This is indicative of continued US-China tensions, these are not going away any time soon.

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