The President of the United States nevertheless agreed to pass the bill on the protection of the rights of protesters in Hong Kong submitted by Congress. Trump commented that he decided on such a crucial step out of respect for the Chinese leader, China and the citizens of Hong Kong.
However, the Chinese authorities called the actions of the United States as interference in their domestic economic policies. The Chinese Foreign Ministry said that the adoption of this law will entail retaliatory measures from the Chinese side.
Markets expect this to affect the future course of trade negotiations with China. During the Asian trading session, this news negatively affected the interest of players. As a result, the AUD came under pressure, and the safe yen strengthened.