Risk tone sentiment in the global markets are challenged by the fact new developments in the US-China war. Beijing fired four missiles into the disputed waterway yesterday. Separately, the US has announced trade and visa restrictions on 24 companies supporting China. As per Bloomberg, the offshore Yuan traded at its highest level since January in the wake of this latest developments in the US-China war. For the USD, muted performance surrounding USD today - as many await the outcome from Jerome Powell's address in the Jackson Hole Symposium - hawkish or dovish, will be the question indeed..
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