This via Deutsche Bank Research, their latest is titled: Trade War Tensions Just a few snippets from the report on forex: Dollar pressured longer term Neutral for now
Everett Eissenstat is the latest to leave the White House He is a top economic adviser – on trade, international issues via Politico: Departures at the top of the US administration used to attract yen byers on nervousness – but that response seems to have passed. USD/JPY doing very little, close to the range of…
In South Korean media today, citing a US source (38North) — Yen seems to be ignoring such reports. I posted something similar last week, which saw little response.
This chart and analysis via Société Générale on the euro against the US dollar EUR/USD: steady rebound EUR/USD has pulled back towards the neckline of a double bottom confirmed last year at 1.1510/1.1450, also the 50% retracement of whole up move since 2017. This is a significant support area. Only a break below will denote a…
Merchandise trade data from NZ Trade balance for May shows a surplus of 294m – expected surplus was 100m, prior surplus 193m, revised from 263m exports NZD 5.42bn
BOE governor Mark Carney is on the agenda today Good day, everyone! Hope you’re all doing well as we get into European trading later. It’s been a bit of an eventful start as the PBOC decided to weaken the yuan at the fix once again today.
United States Trade Representative Robert Lighthizer with a statement on tariffs – Retaliatory tariffs show trading hypocrisy – Says US will protect its interests Lighthizer seems to be failing his ‘how to win friends and influence people’ course.
I posted earlier on Russian energy minister Novak met with Mnuchin – discussed Russia sanctions with, unfortunately not very much more. Here is link to Reuters But something to keep an eye on for more detail (perhaps) in coming hours)
Due from New Zealand soon are data for the May trade balance and later business activity and confidence I posted a preview earlier: 2245GMT New Zealand trade balance for May
Forex and Bitcoin news for Asia trading Wednesday 27 June 2018 The People’s Bank of China slashed the price of the onshore yuan at the daily reference rate setting yet again today, providing further evidence for proponents of the ‘weaponized yuan’. There are uncertainties about China using its currency as a tool in the trade…