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Worth highlighting that around 30 minutes.....>

FOREX
FOREX: Worth highlighting that around 30 minutes ago the U.S. Commerce
Department revealed that it is proposing a rule to impose countervailing duties
on countries that undervalue their currency relative to the USD. Commerce
Secretary Wilbur Ross noted that "this change puts foreign exporters on notice
that the Department of Commerce can countervail currency subsidies that harm
U.S. industries. Foreign nations would no longer be able to use currency
policies to the disadvantage of American workers and businesses."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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