Why the Global Trading System is About to Grind to a Halt – Australian Financial Review
The WTO is breaking down and if there’s no US-China trade deal in the next two weeks, there may not be one until after America’s 2020 presidential elections.
Read MoreEurope First: Taking on the Dominance of the US Dollar – Financial Times
EU leaders believe the euro needs to play a larger role in order to compete against the US and China.
Read MoreGFXC to Add Algo Guidance to Global Code – Profit & Loss
The Global Foreign Exchange Committee (GFXC) at its meeting in Sydney this week established five areas of focus for its work to maintain the FX Global Code, with algo execution and transaction cost analysis (TCA) being added to the existing workstreams around buy side outreach, disclosures, anonymous trading and execution principles.
Read MoreChina Suspends US Military Visits to Hong Kong, Sanctions US-Based NGOs – Reuters
China said US military ships and aircraft would not be allowed to visit Hong Kong, and also announced sanctions against several US non-government organisations for encouraging protesters to “engage in extremist, violent and criminal acts.”
Read MoreUS-China Trade Deal ‘Stalled Because of Hong Kong Legislation’: Axios – Reuters
A trade deal between United States and China was now “stalled because of Hong Kong legislation”, news website Axios reported on Sunday, citing a source close to US President Donald Trump’s negotiating team.
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