trump

U.S. President Donald Trump travels to Mar-a-Lago
U.S. President Donald Trump boards Air Force One as they travel to Florida for Easter weekend, at Joint Base Andrews in Maryland, U.S., April 18, 2019. REUTERS/Al Drago

April 22, 2019

WASHINGTON (Reuters) – U.S. President Donald Trump on Monday sued to block a subpoena issued by the Democratic chairman of the U.S. House Oversight Committee that sought information about his and his businesses’ finances.

“Chairman Cummings’ subpoena is invalid and unenforceable because it has no legitimate legislative purpose,” lawyers for Trump and the Trump Organization said in court filing.

(Reporting by Makini Brice; Editing by Tim Ahmann)

Source: OANN

#Left divided on #impeachTrump & New details in #SriLanka #EasterSunday bombings as death toll rises via #MagaFirstNews with @PeterBoykin NEW DETAILS IN SRI LANKA BOMBINGS EMERGE AS DEATH TOLL RISES: The series of bombings that ripped through churches and hotels in Sri Lanka on Easter Sunday and left at least 290 people dead and more than 500 people wounded were carried out by seven suicide bombers and investigators are examining reports that intelligence agencies had warnings of possible See More attacks, according to the Associated Press …  No one has taken responsibility for the bombings. Defense Minister Ruwan Wijewardena described the blasts as a terrorist attack by religious extremists, and police said 13 suspects had been arrested. The identities of some victims of the Easter massacres in Sri Lanka emerged Sunday evening — including a British mother and her 11-year-old son, along with a TV chef, Shantha Mayadunne, and her daughter, Nisanga. Most of those killed were Sri Lankans. However, the U.S. said “several” Americans were among the dead, while Britain and China said they, too, lost citizens. U.S. State Department warns of possibility of more attacks in Sri Lanka BUZZFEED EDITOR TAKES SRI LANKA SHOT AT TRUMP: A BuzzFeed News world editor faced backlash Sunday for taking a swipe at President Trump while tweeting an article about the attacks in Sri Lanka on Easter …”Suspect we’d be hearing a lot more outrage from Trump and co. if the Christians killed in Sri Lanka were white,” Miriam Elder tweeted with a link to BuzzFeed News. Elder’s tweet had received more 6,000 replies, 179 retweets and 423 likes as of early Monday morning. Many of the commenters asked why the BuzzFeed News world editor would politicize the terrorist attacks. When contacted by Fox News, BuzzFeed News responded: “No comment from us.” Trump on Easter morning offered condolences to the people of Sri Lanka, tweeting, “We stand ready to help!” DEMS DIVIDED ON COLLUSION, SEEKING TRUMP IMPEACHMENT: Leading Democrats appeared divided whether to pursue impeachment against President Trump after last week’s release of Special Counsel Robert Mueller’s redacted report, which found no evidence of collusion and did not draw a conclusion on whether Trump obstructed justice … Rep. Elijah Cummings, D-Md., chair of the House Oversight Committee, signaled that Democrats are not yet concerned about the possibility of “Russia fatigue” and warned ominously on Sunday that “the Russians aren’t getting tired” and are “attacking our electoral system every single day.” Cummings previewed new lines of investigation against Trump and said it might be necessary to hear testimony from former White House Counsel Don McGahn and Mueller himself. In addition, Cummings neither fully endorsed, not rejected the idea of pursuing impeachment against Trump. 2020 presidential candidate Sen. Elizabeth Warren and freshman Democratic Reps. Rashida Tlaib, D-Mich., Ilhan Omar, D-Minn., and Alexandria Ocasio-Cortez, D-N.Y. have all called for impeachment. But other Democrats, including Maryland House Majority Leader Steny Hoyer, and House Speaker Nancy Pelosi, and 2020 presidential candidates Reps. Tim Ryan and Tulsi Gabbard have also said impeachment proceedings would be premature or misguided. (Rep. Adam Schiff, D-Calif. chairman of the House Intelligence Committee, weighed in on the prospects of impeaching Trump and more on “Fox News Sunday.” Click on the video above to watch the full interview.) Meanwhile, House Judiciary Committee Chairman Jerry Nadler, D-NY, argued on Sunday that, despite Mueller deciding not to charge President Trump with obstruction of justice, he believes there is still plenty of evidence of obstruction and wondered why Donald Trump Jr. isn’t facing charges for the infamous Trump Tower meeting with Russian operatives in June 2016. REPORT: U.S TO SANCTION FIVE NATIONS OVER IRANIAN OIL – The Trump administration is set to inform five nations that they will no longer be exempt from U.S. sanctions if they continue to import oil from Iran, reports said Sunday … Secretary of State Mike Pompeo plans to announce the policy move on Monday, which would no longer renew sanctions waivers for allies Japan, South Korea, and Turkey. The other countries no longer exempt are China and India. The waivers for sanctions will expire on May 2. The Washington Post first reported on the move, and three sources confirmed the report to the Associated Press. AOC FACING EARLY RE-ELECTION CHALLENGE: Alexandria Ocasio-Cortez’ssurging national profile has inspired a trio of Republican opponents from her home district— along with a multimillionaire mystery donor who could help close the gap in her foes’ long-shot race against her … Just three months after taking office, the Democratic socialist congresswoman’s challengers include an Egyptian American journalist, who has already tossed her hat in the ring, and an NYPD cop-turned-high-school-civics teacher and conservative talk-radio producer, both of whom are seriously exploring a run against her. And the fledgling challengers could get help from a wealthy New Yorker committed to backing an Ocasio-Cortez opponent, the New York Post reports.

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WASHINGTON — It may not have been his intention, but special counsel Robert Mueller has forced a momentous choice on the Democrats who control the House of Representatives. How they navigate the next several months will matter not only to politics but, more importantly, to whether the rule of law prevails.

If we lived in a normal time with a normal president, a normal Republican Party and a normal attorney general, none of this would be so difficult. Mueller’s report is devastating. It portrays a lying, lawless president who pressured aides to obstruct the probe and was happy — “Russia, if you’re listening … ” — to win office with the help of a hostile foreign power. It also, by the way, shows him to be weak and hapless. His aides ignored his orders, and he regularly pandered to a Russian dictator.

Mueller’s catalogue of infamy might have led Republicans of another day to say: Enough. But the GOP’s new standard seems to be that a president is great as long as he’s unindicted.

And never mind that the failure to charge Donald Trump stemmed not from his innocence but from a Justice Department legal opinion saying that a sitting president can’t be indicted. Mueller explained he had “fairness concerns” — a truly charming qualm in light of the thuggishness described in the rest of the report — because the no-indictment rule meant there could be no trial. The president would lack an “adversarial opportunity for public name-clearing before an impartial adjudicator.”

And perhaps Mueller did not reckon with an attorney general so eager to become the president’s personal lawyer and chief propagandist. William Barr sat on the document for 27 days and mischaracterized it in his March 24 letter. He mischaracterized it again just an hour before it was released.

This leaves Democrats furious — and on their own. Unfortunately, it is not news that this party has a nasty habit of dividing into hostile camps. On the one side, the cautious; on the other side, the aggressive. The prudent ones say that members of the hit-for-the-fences crowd don’t understand the political constraints. The pugnacious ones say their circumspect colleagues are timid sellouts.

Sometimes these fights are relatively harmless, but not this time. Holding Trump accountable for behavior that makes Richard Nixon look like George Washington matters, for the present, and for the future.

Those demanding impeachment are right to say that Mueller’s report can’t just be filed away and ignored. But being tough and determined is not enough. The House also needs to be sober and responsible.

This needle needs to be threaded not just for show, or for narrow electoral reasons. Trump and Barr have begun a battle for the minds and hearts of that small number of Americans who are not already locked into their positions. Barr’s calculated sloth in making the report public gave the president and his AG side-kick an opportunity to pre-shape how its findings would be received. The uncommitted now need to see the full horror of what Mueller revealed about this president. A resolute but deliberate approach is more likely to persuade them.

When House Speaker Nancy Pelosi joins her caucus on a conference call on Monday, she will reiterate her “one step at a time” strategy. The bottom line is that rushing into impeachment and ruling it out are equally foolish. What this means is that the House Judiciary, Intelligence, and Oversight and Reform Committees should and will begin inquiries immediately. Judiciary Chairman Jerry Nadler took the first step on Friday by subpoenaing the full, unredacted Mueller report. Mueller himself has already been asked to appear before both Judiciary and Intelligence.

Nothing is gained by labelling these initial hearings and document-requests as part of an “impeachment” process. But impeachment should remain on the table. Since Trump and Barr will resist all accountability, preserving the right to take formal steps toward impeachment will strengthen the Democrats’ legal arguments that they have a right to information that Trump would prefer to deep six.

Of course, Trump is not the only issue in politics. Democratic presidential candidates are already out there focusing on health care, climate, economic justice and political reform. The House can continue other work while the investigators do their jobs.

In an ideal world, the corruption and deceitfulness Mueller catalogued would already have Trump flying off to one of his golf resorts for good. But we do not live in such a world. Defending democratic values and republican government requires fearlessness. It also takes patience.

(c) 2019, Washington Post Writers Group

U.S. Rep. Seth Moulton is the latest Democrat to jump in the race for the White House.

The Massachusetts lawmaker and Iraq War veteran made the announcement on his website Monday.

Moulton first came to prominence in 2014 when he unseated long-term incumbent Rep. John Tierney in a Democrat primary and went on to represent the state’s 6th Congressional District, a swath of communities north of Boston including Salem, home of the infamous colonial-era witch trials.

Speculation about a possible Moulton run has been simmering as far back as 2017 when he spoke at a Democrat political rally in Iowa, home of the first-the-the-nation presidential caucuses. At the time he brushed aside talk of a presidential run.

Talk of possible run ramped up during last year’s election when the former U.S. Marine helped lead an effort to get other Democrat military veterans to run for Congress — a cause he continues to push.

“16 years ago today, leaders in Washington sent me and my friends to fight in a war based on lies. It’s still going on today,” Moulton said in a recent tweet. “It’s time for the generation that fought in Iraq to take over for the generation that sent us there.”

The 40-year-old Moulton also gained national attention for helping lead an effort within the party to reject Nancy Pelosi as House speaker after Democrats regained control of the chamber. Moulton said it was time for new leadership.

Moulton has also been a frequent critic of President Donald Trump — from foreign policy, including Trump’s recent veto of a resolution to end U.S. military assistance in Saudi Arabia’s war in Yemen, to his push for a wall at the southern border.

And when Trump claimed to be the target of the “single greatest witch hunt of a politician in American history,” Moulton responded that “as the Representative of Salem, MA, I can confirm that this is false.”

Despite occasionally differing with some on the most liberal wing of the party, Moulton has staked out familiar policy positions for those seeking the Democrat presidential nomination.

He’s called health care “a right every American must be guaranteed,” pushed to toughen gun laws, was a co-sponsor of the Green New Deal, has championed a federal “Green Corps” modeled after the Civilian Conservation Corps of the 1930s, and has called for an end to the Electoral College.

Money could prove a challenge to Moulton, who has raised $255,000 so far this year and had about $723,000 in his campaign account as of the end of March.

Moulton is now the third political figure from Massachusetts to take a stab at a White House run. U.S. Sen. Elizabeth Warren — a Democrat — and former Massachusetts Gov. William Weld — a Republican — are also running.

Source: NewsMax Politics

French high school students attending anti-racism sessions this week have been warned that it would be “bizarre” to feel greater emotion over the Notre-Dame cathedral fire than about the plight of migrants in the Mediterranean.

Retired professional footballer and the most capped player in the French national football team’s history, Lilian Thuram, denounced what he described as a “hierarchy” of emotion in which the destruction of the cathedral’s spire appeared to arouse more public grief than the drowning of illegal African immigrants.

Speaking at a press conference on the Mediterranean island of Corsica, where he had held ‘prejudice-fighting’ sessions with students at high schools across the French territory, Thuram commented humans are “emotional creatures” and that, “as a Parisian” it is “normal that we are affected” by events like the Notre-Dame fire.

“But there is an impression, sometimes, of there being hierarchies in place regarding these emotions,” the 47-year-old said, lamenting that “the world is not moved in the same way” at the sight of “people who die trying to cross the Mediterranean” as it appeared to by fire ravaging a more than 800-year-old church considered one of the finest examples of Gothic architecture and the most important icon of Christian France.

The UNICEF ambassador then went on to blast Donald Trump, linking — somewhat oddly — tweets from the U.S. President expressing horror at the blaze in Paris with the desire to get illegal immigration at the country’s Mexican border under control.

“That there are individuals who want to build walls to stop people from entering, but who are happy to send tweets to ask, ‘Do you need help to put out the fire?’, as Donald Trump did? It is bizarre”, remarked Thuriam, who has been an active “anti-racism campaigner and author” since retiring from football, with his eponymous Foundation working to educate, “deconstruct” and end “inequalities generated by systems of oppression” over past centuries.

Read more.

Source: InfoWars

After hearing how the pro-American group the United Constitution Patriots caught hundreds of illegal aliens invading our southern border in New Mexico earlier this week, the FBI moved immediately to arrest one of their alleged members on a gun charge.

From NBC News:

The FBI on Saturday arrested a man connected with an armed group that has been detaining migrants in New Mexico, the state attorney general’s office said.

Larry Mitchell Hopkins, 69, of Flora Vista, New Mexico, was arrested for allegedly being a felon in possession of a weapon, New Mexico Attorney General Hector Balderas and the FBI said.

[…] The FBI Albuquerque division said that Hopkins, who is also known as Johnny Horton Jr., was arrested with the assistance of the Sunland Park Police Department.

The FBI said he was arrested on a federal complaint charging him with being a felon in possession of firearms and ammunition. It was not immediately clear what the underlying conviction was.

The FBI said that no other information would be released until after Hopkins has his initial court appearance, which is expected Monday at 10:30 a.m. at U.S. District Court in Las Cruces. The FBI in its statement did not mention anything about an armed group stopping migrants near the border.

The FBI did nothing to stop Nikolas Cruz shooting up his school in Florida despite multiple warnings. They did nothing to stop Stephen Paddock shooting up concert goers in Las Vegas. They did nothing to stop Omar Mateen shooting up a club in Orlando. They did nothing to stop Syed Rizwan Farook and Tashfeen Malik shooting up Inland Regional Center in San Bernardino.

It only took them less than one week to arrest an alleged member of the United Constitutional Patriots for daring to try and protect our southern border.

This, at a time when illegal immigration and the border crisis has never been worse.

The Democrats in New Mexico and the liars in the media love saying these people have no “right” to protect our border.

First off, every indicator shows they already knew that. They simply asked these illegal aliens to stop and they did. They then called border patrol.

Odds are the border patrol just booked the illegal aliens they caught and released them throughout our country, as those are our laws now under President Trump.

The idea American citizens don’t have the right to protect their borders is laughable in itself and reflective of how backwards our society truly is. These illegals are invading our homes. We have a right to defend our homes with force and we have a right to protect our borders. Citizen’s arrests are a rich part of American history and they’re becoming more relevant than ever now that our government is refusing to uphold the law.

Never forget, the same government which claims the right to bomb every nation on earth preemptively and launch full-scale ground invasions of countries like Venezuela because we don’t like their leaders claims Americans have no right to defend our own border.

There’s a reason they’re hitting Hopkins with a gun charge rather than kidnapping. They didn’t actually do anything wrong.

That said, there’s a good chance the FBI and the authorities in New Mexico will move against them illegally and make up fake charges to persecute them with, as the FBI just did with all of President Trump’s campaign associates.

Our government is now operating under what the late paleoconservative writer Sam Francis called, “Anarcho-Tyranny.”

As Francis described it: “What we have in this country today, then, is both anarchy (the failure of the state to enforce the laws) and, at the same time, tyranny — the enforcement of laws by the state for oppressive purposes; the criminalization of the law-abiding and innocent through exorbitant taxation, bureaucratic regulation, the invasion of privacy, and the engineering of social institutions, such as the family and local schools; the imposition of thought control through ‘sensitivity training’ and multiculturalist curricula, ‘hate crime’ laws, gun-control laws that punish or disarm otherwise law-abiding citizens but have no impact on violent criminals who get guns illegally, and a vast labyrinth of other measures. In a word, anarcho-tyranny.”

“The laws that are enforced are either those that extend or entrench the power of the state and its allies and internal elites … or else they are the laws that directly punish those recalcitrant and ‘pathological’ elements in society who insist on behaving according to traditional norms — people who do not like to pay taxes, wear seat belts, or deliver their children to the mind-bending therapists who run the public schools; or the people who own and keep firearms, display or even wear the Confederate flag, put up Christmas trees, spank their children, and quote the Constitution or the Bible — not to mention dissident political figures who actually run for office and try to do something about mass immigration by Third World populations.”

Source: InfoWars

FILE PHOTO: Visitors attend the China Import and Export Fair, also known as Canton Fair, in the southern city of Guangzhou
FILE PHOTO: Visitors attend the China Import and Export Fair, also known as Canton Fair, in the southern city of Guangzhou, China April 16, 2018. REUTERS/Tyrone Siu

April 22, 2019

By John Ruwitch

GUANGZHOU, China (Reuters) – Manufacturers in China facing trade barriers are deploying an array of moves to try to keep foreign customers – giving discounts, tapping tax breaks, trimming workforces and, occasionally, shifting production overseas to skirt tariffs.

Tit-for-tat tariffs from the China-United States trade war have been costly for many. Adding to the strain on Chinese manufacturers have been European Union duties on Chinese products ranging from electric bikes to solar panels.

March brought some encouraging news for manufacturers. Industrial output rose at its fastest rate since mid-2014 and exports rebounded more than expected, while first-quarter growth was better than expected.

Still, some manufacturers who depend on U.S. sales are struggling. At the Canton Fair in southern China this past week, they put on a brave face, but feared they will need to take more measures to survive if Beijing and Washington fail to seal a trade deal.

Botou Golden Integrity Roll Forming Machine Co lost some U.S. customers when tariffs pushed up prices for its machines making light steel girders and bars for building frames, according to Hope Ha, a saleswoman.

It now offers an 8 percent discount as a sweetener.

“We have to give discounts because they pay high tariffs,” said Ha.

Ball bearing maker Cixi Fushi Machinery Co gave long-term customers a 3-5 percent discount, according to representative Jane Wang.

But that was not enough, so the company suspended a product line generating $30,000 monthly revenue, she said.

“We will wait for the agreement and then we will see again,” she said. Now, the focus is on its main market, the Middle East.

Some have been able to pass along increased costs.

UNAVOIDABLE PRICE HIKES

California-based ACOPower has increased prices about 10-15 percent on some of its made-in-China, solar-powered refrigerators, said founder Jeffrey Tang.

“We have no choice,” he said. “We must increase the price.”

Tang says his portable fridges cannot be made affordably in other countries. But if there’s no trade agreement, and tariffs rise, the equation could change.

“Maybe I’ll just ship all the components to Vietnam to do the assembly.”

Aufine Tyre rented and filled a warehouse last year in California in anticipation of anti-dumping duties, which were later imposed. In another move to circumvent tariffs, it will soon open a plant in Thailand to make tires.

Jane Liu, a sales manager, said Aufine plans to send 50 containers a month from Thailand, with 220-240 tires in each, and later expand.

Some companies at the fair cheered Beijing’s move to trim China’s value-added tax to 13 percent from 16 percent at the start of April, and its pledge of tax rebates for exports.

“Things like this give us some protection or else we would suffer losses,” said Wills Yuan, a salesman at Ningbo Yourlite Import & Export Co in Shenzhen, which produces LED lights.

Shenzhen Smarteye Digital Electronics Co, a maker of surveillance cameras, which are not on the U.S. tariff list, was able to drop prices because of the tax break, according to sales manager Simple Yu.

“We save a lot on costs, so we can sell at a low price,” he said.

EXCHANGE RATE CONCERN

But Smarteye has worries, including increasing rent and labor costs that led it to trim its workforce.

Yu said he’s also concerned about the trade war’s potential effect on the yuan-dollar exchange rate. “Before it was 6.9 per dollar, now it’s 6.7 per dollar. We worry that it will go to 6.5.”

Electric bike makers have reacted nimbly to European anti-dumping duties of between 18.8 and 79.3 percent imposed in January. Many have started assembling some bikes in Europe; Zhejiang Enze Vehicle Co does so in Poland and Finland.

“We take the battery, frame, and the other parts, package them up separately and send them over to be assembled by partners,” said sales rep Dylan Di.

Anhui Light Industries International Co, which makes products ranging from plastic protractors for math to movie theater popcorn cups, says it has lost more than 1 billion yuan $149.2 million) after U.S. President Donald Trump raised import taxes.

Still, company representative Han Geng is optimistic the trade war will get resolved.

“It’s not good for America, not good for China,” he said, expressing the view that Trump knows the trade war is hurting business and “he will end it”.

When that day comes, Han said, “we will sell to America again… We need to make money. Everybody loves money.”

($1 = 6.7024 Chinese yuan)

(Editing by Simon Webb and Richard Borsuk)

Source: OANN

Several Republicans hit back at Sen. Mitt Romney, R-Utah, over the weekend after he said he was “sickened” by President Donald Trump’s actions as detailed in special counsel Robert Mueller’s report.

Romney said it was “good news that there was insufficient evidence to charge” Trump with conspiracy following the report’s release and that “the alternative would have taken us through a wretching process with the potential for constitutional crisis.”

However, he went on to slam Trump, writing, “Even so, I am sickened at the extent and pervasiveness of dishonesty and misdirection by individuals in the highest office of the land, including the President.”

Former Arkansas Gov. Mike Huckabee on Friday ridiculed Romney for his loss to President Barack Obama in 2012 – Trump took a similar swipe on Saturday – while Trump’s personal lawyer Rudy Giuliani called Romney, “a hypocrite.”

“Know what makes me sick, Mitt? Not how disingenuous you were to take @realDonaldTrump $$ and then 4 yrs later jealously trash him & then love him again when you begged to be Sec of State, but makes me sick that you got GOP nomination and could have been @POTUS” Huckabee tweeted.

Giuliani took aim at Romney during an appearance on CNN Sunday.

“Stop the bull. Stop this pious act that you weren’t trying to dig up dirt on people, putting dirt out on people,” he said. “What a hypocrite.”

Source: NewsMax Politics

The Trump administration is “not going to do a military exercise inside Iran” in order to precipitate a regime change, Secretary of State Mike Pompeo said, Axios reported on Sunday.

Pompeo was speaking in a closed-door meeting recently with about 15 Iranian-American community leaders in Dallas, Axios said, relying on three sources who were in the room.

Pompeo also distanced the administration from the People’s Mujahedin of Iran (MEK), an anti-regime organization that the U.S. once designated as a terrorist group and which some in the room said are worse than the current regime in Tehran.

He acknowledged that National Security Adviser John Bolton and Trump’s personal lawyer Rudy Giuliani have friendly ties with the controversial group, but emphasized that neither he nor Trump did.

Pompeo mostly used euphemism to talk about the administration’s stance on Iran and was sparse with details, according to the sources in the room.

The secretary of state also said the Trump administration would have handled the 2009 Green Movement uprising against the regime very differently than the Obama administration did, but refused to describe how.

The State Department did not respond to requests for comment about the report.

Source: NewsMax Politics

Pedestrians are reflected on an electronic board showing stock prices outside a brokerage in Tokyo
FILE PHOTO – Pedestrians are reflected on an electronic board showing stock prices outside a brokerage in Tokyo, Japan December 27, 2018. REUTERS/Kim Kyung-Hoon

April 22, 2019

By Shinichi Saoshiro

TOKYO (Reuters) – Asian stocks were steady on Monday as investors awaited the return of major financial markets from the Good Friday holiday, while oil prices spiked on a report the U.S. is likely to ask all importers of Iranian oil to end their purchases or face sanctions.

Brent futures rallied to a five-month high, after the Washington Post said U.S. Secretary of State Mike Pompeo will announce “that as of May 2, the State Department will no longer grant sanctions waivers to any country that is currently importing Iranian crude or condensate.”

Equities markets were subdued, with MSCI’s broadest index of Asia-Pacific shares outside Japan trading little changed.

The index was within reach of a nine-month peak scaled on Thursday after Chinese economic data beat expectations and eased concerns about the health of the world economy.

The advance, however, slowed as many markets in Asia, Europe and North America shut down for Good Friday.

“Equities will be looking at further corporate earnings for immediate incentives. While strong economic indicators, particularly from China, have helped sentiment, they have not formed a strong trend,” said Soichiro Monji, senior strategist at Sumitomo Mitsui DS Asset Management in Tokyo.

“The U.S.-China trade talks will have to end in one way or another for a trend to form.”

South Korea’s KOSPI was almost flat and Japan’s Nikkei shed 0.2 percent.

In currencies, the dollar index against a basket of six major currencies was a shade lower at 97.369.

The index was still within touching distance of a 1-1/2-month peak reached on Thursday after steady U.S. retail sales data.

The euro was little changed at $1.1244, having taken a hit late last week after purchasing managers’ index (PMI) releases showed weak manufacturing activity in Europe.

The dollar was steady at 111.91 yen.

The Australian dollar, sensitive to shifts in risk sentiment, inched down 0.1 percent to $0.7147.

The Canadian dollar, on the other hand, added 0.1 percent to C$1.3381 thanks to a bounce in crude oil prices.

Brent crude rose 0.83 percent to $72.57 per barrel after touching $72.58, highest since Nov. 8, 2018, underpinned by the Washington Post report.

U.S. crude futures climbed 0.84 percent to $64.54 per barrel.

The U.S. reimposed sanctions in November on exports of Iranian oil after President Donald Trump unilaterally pulled out of a 2015 nuclear accord between Iran and six world powers. Washington is pressuring Iran to curtail its nuclear program and stop backing militant proxies across the Middle East.

Crude extended gains from last week, when a drop in crude exports from OPEC’s de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices.

(Editing by Shri Navaratnam)

Source: OANN


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