EU Commission to analyze US ban on tech investments in China

In an email on Thursday, a spokesperson of the European (EU) Commission said that "We take note of the Executive Order on outbound investment released by the U.S. on 9 August. We will be analyzing the Executive Order closely.”

"We are in close contact with the US administration and look forward to continued cooperation on this topic,” the official said.

Market reaction

The above headlines have little to no market impact, with the EUR/USD pair trading 0.35% higher on the day at 1.1019, at the time of writing.