China's commerce ministry announcing it will take action in line with UN resolution 14 Aug
- will ban imports of coal, iron ore ,lead and sea-food
- action effective Tuesday 15 Aug
Well it's a start I guess as China are by far N Korea's biggest/only export market.
UN sanctions must be implemented by 30 days after the resolution was approved on 6 Aug.
Meanwhile USDJPY rallying further to test 109.80 offers/res and USDCHF up to 0.9665 amid general USD demand that sees EURUSD testing 1.1790-00 support/demand and GBPUSD down to 1.2980. AUDUSD also down to 0.7868 with USDCAD up to 1.2708
Equities extending gains and gold near session lows as an element of risk-on sentiment returns.
