hainan island: The U.S. on Friday demanded the return of the drone, according to Market Watch. But analysts suggested that a pullback was a knee-jerk reaction and an excuse for more consolidation ahead of the weekend. It was the first time the government in Beijing has seized a piece of U.S. military gear since the Chinese took a Navy surveillance plane on Hainan Island following a midair collision in April 2001. A lot of people are nervous about the relationship with China in light of President-elect Donald Trump provocative tweets about China, said Win Thin, global head of emerging market currency strategy at Brown Brothers Harriman. The measure of the dollar against a basket of major rivals is hovering near its 14-year high after the Federal Reserve earlier in the week boosted the currency by signaling more interest-rate increases are likely in 2017. I would not read too much into the move, however, as the dollar is due for a little of a consolidation after a run for the past several weeks, Win Thin said.
(news.financializer.com). As
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