China’s Washington Embassy: Beijing consistently and firmly opposes US arms sales to Taiwan
|China’s Washington Embassy lashed out at the US passage of the three sales of advanced weaponry to Taiwan during late-Monday, per Reuters. The dragon nation’s representative said, “China consistently and firmly opposes US arms sales to Taiwan,” as per the news.
The initial news concerning the law to three sales of advanced weaponry to Taiwan, also shared by Reuters, mentioned that the White House sending in recent days notification of the deals to Congress for approval.
Market implications
Such updates can join the recent coronavirus (COVID-19) threat from the US health official Anthony Fauci and stimulus uncertainty to weigh on the market’s risk tone. That said, Wall Street managed to keep the upside momentum whereas AUD/USD stays pressured near 0.7200 by the time of writing amid the early Tuesday morning in Asia.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.