US State Department eases China travel advisory for Americans

Anil Panchal FXStreet

Amid the on-going Sino-American tussle, the Trump administration silently eased stance towards China and Hong Kong. This comes after the “US State Department said on Monday it had eased a travel advisory for Americans considering travel to China or Hong Kong from ‘Do Not Travel’ to ‘Reconsider Travel.’, as per Reuters.

Key quotes

The State Department cited COVID-19 and arbitrary enforcement of local laws in issuing the ‘Reconsider Travel’ warning, but also said China has ‘improved conditions.’

The department in June had issued its highest ‘Do Not Travel’ Level 4 warning but announced Monday it was lowering it to ‘Level 3.’

FX implications

Amid the currently risk-on market mood, as portrayed by 0.10% gains of the S&P 500 Futures, news like this adds to the optimism. However, a heavy calendar keeps the traders cautious and hence the AUD/USD prices remain subdued near 0.7300.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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