US Urges China Action on North Korea

The deployment of a U.S. navy strike group near the Korean peninsula may prelude Syria-style action, provoking Pyongyang and escalating regional tensions, foreign policy experts told CNBC.

A U.S. Navy strike group will be moving toward the western Pacific Ocean near the Korean peninsula as a show of force, a U.S. official told Reuters on Saturday, as concerns grow about North Korea’s advancing weapons program.

Such U.S. power projection is ostensibly aimed at decelerating North Korea’s nuclear program either independently or by leaning on Beijing to contain its neighbors’ nuclear ambitions, building on what appeared to be cordial talks between President Donald Trump and his Chinese counterpart Xi Jinping last week.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza