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US President Trump’s team seeks to strengthen chip controls on China

Bloomberg reported in a gated story carried early Tuesday, US President Donald Trump’s administration seeks to tighten chip controls on China.

Additional takeaways

US urges Japan, Netherlands to harmonize on China limitations.

US considers stricter controls on Nvidia chip exports to China.

US considers additional limitations on China's SMIC, CXMT.

US officials met Japanese, Dutch counterparts to restrict Tokyo electron, ASML engineers from maintaining semiconductor gear in China.

USD/KRW gives up 1,430 after BoK’s expected 25 bps rate cut

Bank of Korea (BoK) Governor Rhee Chang-yong explained the reasons behind the interest rate cut decision in his post-policy meeting press conference on Tuesday.
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Silver Price Forecast: XAG/USD trades with positive bias below mid-$32.00s

Silver (XAG/USD) builds on the previous day's modest bounce from the vicinity of the $32.00 mark, or a nearly one-week low, and gains some positive traction during the Asian session on Tuesday.
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