The US House (lower house of the Congress) plans to vote next week on moves to impose sanctions on Chinese officials over human rights abuses against Muslim minorities

  • the bill was approved by the Senate on May 14

This is in relation to the internment of more than 1 million Uighurs and members of other Muslim minority groups in the Xinjiang region of China

This is another indication of rising US/China strains. As these increase they tend to be a negative input for financial market risk assets (and FX) and supportive of safe haven alternatives. Add it the growing list, recent examples:

And, of course:

  • coronavirus origin and spread
  • trade
  • tension over new rules from Beijing to be imposed on Hong Kong
  • Taiwan
US Congress sanctions China human rights abuses