US FBI Director: China targets our food supply, putting American lives at serious risk
Source Fxstreet
Federal Bureau of Investigation (FBI) Director Kash Patel confirmed via post on X the arrest of two Chinese nationals charged for smuggling potential bioterror fungus into the US.
This comes amid intensifying US-Chian trade tensions, with markets eagerly awaiting the talks between US President Donald Trump and his Chinese counterpart Xi Jinping by the end of this week.
The US Dollar Index (DXY) is under renewed selling pressure, trading near 99.20, as of writing.
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The USD/JPY pair is up 0.25% to near 143.10 during European trading hours on Thursday. The pair trades firmly as the Japanese Yen (JPY) underperforms across the board.
The Australian Dollar is trading higher for the second consecutive day on Thursday as US Dollar weakness offsets the impact of the downbeat Australian GDP figures seen on Wednesday, pushing the pair to one-week highs above 0.6500.
Following the Bitcoin price sweep down below the $104,000 level over the weekend, the Dogecoin price was pushed back down below $0.2 once again.
Donald Trump says his connection with Xi Jinping should be enough to solve the US-China trade mess. But Xi hasn’t been taking his calls. For weeks, Trump tried reaching him and got nothing back.
US Dollar Index (DXY) remains depressed below 99.00 as recession fears returnThe US Dollar Index (DXY) is trading practically flat on Thursday, consolidating losses after a bearish reversal on Wednesday, as downbeat Services and employment data, coupled with the ongoing tariffs uncertainty, revived fears of an upcoming recession.
The US Dollar Index (DXY) is trading practically flat on Thursday, consolidating losses after a bearish reversal on Wednesday, as downbeat Services and employment data, coupled with the ongoing tariffs uncertainty, revived fears of an upcoming recession.
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