Stressful trade escalation influences forex market

The dollar was not a uniform in the second morning in Asia when the Australian dollar and the Chinese dong continued to decline against the US dollar.

The US dollar fell after President Trump gave the threat, on Friday, that he is considering adding taxes on imports from China, possibly covering the entire imported goods. The above threat has made both currencies and 2 markets reduced.

Index of dollar strength measurement compared to basket of other currencies, moving from reduced to rising and at 11:25PM ET (0256GMT) increased by 0.04%. On Friday, all the major indicators of the U.S. market were declining and the Asian red floor market in the second morning.

Trump threatened to impose a tax of 267 billion in Chinese commodity dollars, in addition to 200 billion in consideration. Trump says that the tax imposed by 200 billion can "be executed in a very short time, depending on what is happening."

The Chinese yuan has fallen at a rate of USD/CNY up 0.24% to 6.8612.

The Australian dollar also dropped to the lowest level 1 year and a half on Friday when the AUD//USD rose 0.01% to 0.7106, for the first time the Australian dollar dropped below 0.71 since Feb. 2016.

America and China are all important trade partners in Australia. The trade tensions as well as the heavily dependent on foreign investment have combined together to push the Australian dollar down.

Cherelle Murphy at ANZ said: "The AUD was traded below the technical threshold on Friday and check that the mark 0.7 USD cannot be excluded in the short term. Attention will be focused on trade with negative influences from China seemingly lowering the AUD ".

The USD/CNH increase also helps to make the Australian dollar drop. This rate increased by 0.02% to 6.8718.

The USD/JPY rate goes horizontally, at 111.03.

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