White House weighs order to screen US investment in tech in China, other countries – WSJ
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“The Biden administration is weighing an executive order to screen and possibly restrict U.S. overseas investment in cutting-edge technology development in China and other potentially hostile countries,” reported Wall Street Journal (WSJ) late Thursday.
The news appears a positive one for the market sentiment and hence may help extend the US dollar’s pullback. However, the previous news quoting US Treasury Secretary Janet Yellen challenged the optimism. Even so, a lack of major data/events joins an initial hour of the trading day to restrict the market’s reaction to the news.
Also read: US Treasury Secretary Yellen expects downward pressure on US inflation
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