Today North Korea launched a missile from the north of Pyangyang which reached a height of near 3 kilometres and landed 600 miles east in the sea of Japan. This latest test firing is a direct challenge to President Trump, with the US Defense Secretary, James Mattis, commenting that the latest test firing demonstrates that North Korea has the ability to hit “everywhere in the world”. Early comments from Trump have been that the US “will handle” the situation.
Trump also said, “We will take care of it,” adding later that North Korea “is a situation that we will handle.” This latest test appears to have had little effect on the markets with USD holding steady and only a slight demand for safe-haven Gold.
USD received a boost following news that the prospects for a US tax cut have improved after Senate Republicans forcibly pushed forward their bill in a partisan committee vote that set up a full vote by the Senate latest by this week.
Trump also said, “We will take care of it,” adding later that North Korea “is a situation that we will handle.” This latest test appears to have had little effect on the markets with USD holding steady and only a slight demand for safe-haven Gold.
USD received a boost following news that the prospects for a US tax cut have improved after Senate Republicans forcibly pushed forward their bill in a partisan committee vote that set up a full vote by the Senate latest by this week.
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