Xi challenges US leadership, warns on decoupling
Bloomberg
Chinese President Xi Jinping (習近平) yesterday called for greater global economic integration and warned against decoupling, while calling on the US and its allies to avoid “bossing others around.”
“International affairs should be conducted by way of negotiations and discussions, and the future destiny of the world should be decided by all countries,” Xi said at the Boao Forum on Asia, without naming the US specifically. “One or a few countries shouldn’t impose their rules on others, and the world shouldn’t be led on by the unilateralism of a few countries.”
Xi Jinping challenges US global leadership, warns against decoupling
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NEW YORK (Reuters) - The dollar gained for a third straight session on Monday, as traders cut their bearish bets on the greenback to four-month lows amid the recent rise in U.S. Treasury yields and grew cautious ahead of the Federal Reserve’s policy meeting this week.
FILE PHOTO: A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration
Aside from the Fed, the Bank of England and the Bank of Japan are also set to meet this week and all three will likely set the tone on where global interest rates are headed.