World > Security

Dollar Retreats After Escalating U.S.-China Tensions

1 month ago   |   By FXCM

By Gina Lee
Investing.com - The dollar was down on Monday morning in Asia, giving up its earlier gains after protests in Hong Kong on Sunday escalated U.S.-China tensions.
Thousands took to the streets in the Special Administrative Region after China formally tabled national security laws for both Hong Kong and Macau as the National People's Congress opened on Monday.
U.S.-China tensions escalated after Chinese Foreign Minister Wang Yi said overnight that the U.S. risked “a new cold war” with China after U.S. President Donald Trump threatened strong action should the law be enacted.
The...
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Asian Stocks Mixed After Hong Kong Protests Escalate U.S.-China Tensions

1 month ago   |   By FXCM

By Gina Lee
Investing.com - Asian stocks were mixed on Monday morning, with investors digesting an escalation of U.S.-China tensions after protestors took to the streets in Hong Kong on Sunday.
Hong Kong's Hang Seng slipped 1.39% by 10:55 PM ET. Thousands participated in Sunday's protests after China formally proposed new national security laws on Friday during the opening session of the National People's Congress. Police fired tear gas and a water cannon in the shopping area of Causeway Bay to curb the assembly.
Chinese Foreign Minister Wang Yi warned that the U.S. was potentially pushing...
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