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EMERGING MARKETS: Global News: November 28

EMERGING MARKETS
  • US / MEXICO – President-elect Trump said he had a productive conversation with Mexico’s president Claudia Sheinbaum, with the moderation in bilateral trade risk significantly assisting the reversal in USDMXN. Trump said that President Sheinbaum had agreed to stop migration through Mexico, and into the US. Trump also said the pair talked about what can be done to stop the massive drug inflow into the US, and also, US consumption of these drugs.
  • US / CHINA (BBG) – The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would escalate the US crackdown on Beijing’s tech ambitions but stop short of some stricter measures previously considered, according to people familiar with the matter.
  • S.KOREA (MNI) – The Bank of Korea decided to lower its policy interest rate to 3.00% from 3.25% on Thursday, due to its concerns over the slower economy based on weak domestic demand, Wowkorea reported.
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  • US / MEXICO – President-elect Trump said he had a productive conversation with Mexico’s president Claudia Sheinbaum, with the moderation in bilateral trade risk significantly assisting the reversal in USDMXN. Trump said that President Sheinbaum had agreed to stop migration through Mexico, and into the US. Trump also said the pair talked about what can be done to stop the massive drug inflow into the US, and also, US consumption of these drugs.
  • US / CHINA (BBG) – The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would escalate the US crackdown on Beijing’s tech ambitions but stop short of some stricter measures previously considered, according to people familiar with the matter.
  • S.KOREA (MNI) – The Bank of Korea decided to lower its policy interest rate to 3.00% from 3.25% on Thursday, due to its concerns over the slower economy based on weak domestic demand, Wowkorea reported.