Moody’s on the US, China, trade, global growth: via Reuters Nothing much new there from the ratings agency, concerns on trade tensions have been rising for a while now and it doesn’t look like there will be a resolution any time soon. Having said that, there is a delegation from China in Washington at present…
Ahead of Jackson Hole there is an underlying bid for USD – some niggles Powell might be a touch more hawkish (that’s the latest heard it on the grapevine) As for the AUD …. political turmoil …. yaeh, yeah. I think that is a factor but of more import is the news out of the…
A move higher for this indicator on the month Summary via Reuters : – domestic demand jumped – export orders contracted – index remained above the 50 for the 24th consecutive month
The AUD is on the slide, being attributed to the political turmoil in Canberra But, what about this? Oz government citing security concerns. I can’t think China is going to shrug this off.
The Australian dollar initially fell alongside a rising USD a few minutes ago but has since dropped a little further Its down around 25 points on the session:
Announcement from the Chinese telco Not much further on this. ForexLive
It’s PMI day in European trading 0645 GMT – France August business and manufacturing confidence General gauges of sentiment towards the French economy. Minor data points in the grand scheme of things.
Cormann says he also advised PM Turnbull did not have party support Cormann is addressing media at present (beats doing his real job, right?) – Also says some other cabinet colleagues have resigned USD is on the move, up a few tics, AUD/USD down a little with the USD move
The latest round of $16 billion worth of tariffs are now officially in effect – China resolutely opposes latest US tariffs – Will file complaint to WTO on US tariffs ForexLive
ANZ citing indications from its measure of state economic growth ANZ Stateometer shows the four largest states decelerated – the four states represent nearly 90% of Australia’s GDP