China says its cooperation with Iran should not be disrupted - Reuters
In a Reuters report on Tuesday, a Chinese Foreign Ministry spokesperson, Lin Jian, said that its cooperation with Iran is conducted within the framework of international law and should not be interfered with or disrupted when asked about new United States (US) sanctions related to Iran.
A Chinese Foreign Ministry spokesperson, Lin Jian, stated on Tuesday that China's cooperation with Iran should not be disrupted, as it operates within the framework of international law. Responding to new United States sanctions related to Iran, the spokesperson added that the administration is closely monitoring the situation and will take necessary measures to protect its own rights and interests.
On Monday, the US announced sanctions on 60 individuals, entities, and vessels, aimed at curtailing Iran's economic lifeline, though not the most stringent measures. The US Dollar (USD) experienced a positive response to China's remarks, with the US Dollar Index (DXY) rebounding to near 99.00. The USD is the world's most heavily traded currency, accounting for over 88% of global foreign exchange turnover.
Monetary policy, set by the Federal Reserve, influences the value of the US Dollar, with interest rates being the primary tool to achieve price stability and foster full employment.
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