FBI Chief: China is the most comprehensive threat to the US

Dhwani Mehta FXStreet

In an interview on Fox News early Thursday, the US Federal Bureau of Investigation (FBI) Director Christopher Wray warned that China is the most comprehensive threat to the US, in light of the cyber-theft, coronavirus mishandling etc.

Additional comments

“China is conducting IPO theft, cyber intrusion throughout the US.”

“FBI has 2000 active probes that trace back to China.”

“FBI has an active role in probing China's response to the pandemic.”

“insufficient information to know how the virus emanated from Wuhan.”

Market reaction

The risk-averse market environment extends into Asia this Thursday, as trade wars take center stage amid the US tariffs on EU and US threatening retaliatory tariffs on China.

AUD/USD remains pressured and eyes 0.6850 while USD/JPY regains 107.00 amid broad dollar strength. Meanwhile, S&P 500 futures tread water in early dealings.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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