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Forex News: Hong Kong’s 11th Week of Protest

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FX_IDC:HKDUSD   HONG KONG DOLLAR / U.S. DOLLAR
Forex News – Hong Kong’s biggest-ever street protest has come to its 11th week, and more are joining the calls for a resolution.

Last week, Hong Kongers took out their money from ATMs. The goal was to prove the city was more than just a cash cow. The movement has further escalated the instability due to the protests. The city’s currency has also suffered.

Meanwhile, US President Donald Trump said that he was “concerned” about the probability of a violent Chinese crackdown. Last week, he seemingly tied up the US-China trade discussions to the HK protests, calling for a humane resolution.

Trump added that he would talk to Chinese President Xi Jinping and urge him to negotiate directly with protesters.

The protests have crippled the city’s currency due to the instability. Such a situation will apparently continue until one of the sides give in.

According to certain reports, China is moving its troops to Hong Kong to intervene. HK police, meanwhile, claimed that their forces were enough without China’s intervention

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