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13 Aug 2020

China extends anti-dumping tariff on Indian fibre optic product – Reuters

China’s Commerce Ministry said in a statement on Thursday, it is extending an anti-dumping tariff on a fiber optic product made in India, per Reuters.

Additional details

“The punitive tariff on single-mode optical fiber takes effect from Aug. 14 and lasts for five years.”

“Tariffs ranging between 7.4% and 30.6% depending on the specific Indian manufacturers.”

This comes amid souring diplomatic ties between the countries after India announced a ban on a number of Chinese tech applications.

USD/INR implications

The Indian rupee could see a bit of downside pressure on the above news, with USD/INR likely to regain the 75 handle.

Aug 13, 2020

NZD/USD Price Analysis: Bears stacking their chips at critical support structures

The NZD/USD is under pressure on recent comments from the central bank's officials where a lower currency is their preference. RBNZ's Yuong Ha says th

EUR/USD bullish narrative runs counter to growth data - IIF

The narrative that EUR/USD should rally runs counter to any growth data, Robin Brooks, Chief Economist at Institute of International Finance (IIF) twe