On the horizon next week

The US House (lower house of the Congress) plans to vote next week on moves to impose sanctions on Chinese officials over human rights abuses against Muslim minorities

  • the bill was approved by the Senate on May 14

This is in relation to the internment of more than 1 million Uighurs and members of other Muslim minority groups in the Xinjiang region of China

This is another indication of rising US/China strains. As these increase they tend to be a negative input for financial market risk assets (and FX) and supportive of safe haven alternatives. Add it the growing list, recent examples:

  • coronavirus origin and spread
  • trade
  • tension over new rules from Beijing to be imposed on Hong Kong 
  • Taiwan

US Congress sanctions China human rights abuses

See here for global coronavirus case data

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