WH Adviser Kudlow: Further restrictions to US-China airlines are under discussion

Following comments from the White House Advisor Peter Navarro, during the CNBC interview, another Trump administration member, Larry Kudlow, crossed wires. The diplomat signaled further restrictions on the US-China airlines.

Key quotes

Airlines are placing voluntary restrictions on flights to China.

Further restrictions are under discussion .

FX implications

Risk tone remains heavy while the news crosses wires. While portraying the risk-off, the US 10-year treasury yields touched the lowest place since early October before an hour or so.