Through the Asian session last Monday morning there were no actually important material stats released in order to set a direction. Asian markets had a great opportunity to react to Trump’s late Friday continued call for tariffs on the additional $200bn worth of Chinese goods.
In response to Trump’s latest comments, the U.S equity markets went up, although it was a mixed bag through the early part of the day. The scheduled release of the RBA meeting minutes on Tuesday gave some support at the start of the day, the Aussie Dollar went up about 0.04% to $0.7150, as for now a minor gain due to the concern that China may eventually reject the olive branch from the U.S following Trump’s push for additional tariffs. The Aussie Dollar got support from the last RBA Rate Statement earlier in the month, and that grew the expectations of a more hawkish RBA, though there are plenty of reasons to consider that could temper any AUD/USD rally.
How Brexit , NAFTA, and US-China move the Markets
Weekly Report - 24/09/2018