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