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Foreign Exchanges
The Week in Review: August 5-11, 2023
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FX Week in Review

The Week in Review: August 5-11, 2023

Biden signs new Chinese export controls into law, tension over Niger's coup continue to simmer, and more

Kendrick
Aug 12, 2023
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Foreign Exchanges
Foreign Exchanges
The Week in Review: August 5-11, 2023
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This week, US President Joe Biden signed more Chinese export controls into law, while also reaching an agreement with Iran for a bilateral prisoner exchange plus the release of $6 billion in Iranian funds. ECOWAS’ promised invasion of Niger failed to materialize after the new Nigerian junta refused to return power to former president Mohamed Bazoum. The Biden Administration cooled expectations around a deal to normalize Israeli-Saudi relations. And, a wave of deadly Russian airstrikes struck Ukrainian civilian targets as Ukraine’s counteroffensive slogged onward.

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