'Risk' FX getting trashed on Trump signing the bill to support HK protestors

Author: Eamonn Sheridan | Category: News

Here's the news as it broke: Trump signs bill in support of Hong Kong protestors

As I noted in that post China has already said it'll retaliate. 'Risk' is getting hit. One of the worries now, of course, is no US-China trade deal. 

AUD in paritukar is copping it … and with flows out of risk into 'haven' currency yen is a beneficiary.

AUD/JPY has deteriorated further:
Here's the news as it broke: Trump signs bill in support of Hong Kong protestors
In case you are wondering what the bill is all about, in a nutshell:
  • the legislation was supported by by the U.S. Senate unanimously, and by all except one  lawmaker in the House of Representatives last week
  • requires the State Department to certify, at least annually, that Hong Kong retains enough autonomy to justify favorable U.S. trading terms 
  • the bill threatens sanctions for human rights violations
  • Trump also signed a second bill passed by Congress banning the export to the Hong Kong police of crowd-control munitions (likes teargas, pepper spray, rubber bullets and stun guns) 

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